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Survey Types Pre-Purchase Survey This is the most thorough type of inspection — essential when buying a new/used vessel. Condition and the overall operation of the vessel should be examined. This includes such items as structural integrity, out of water inspection, sea trial, electrical systems, propulsion system, fuel system, machinery, navigation, misc. on board systems, cosmetic appearance, electronics, and overall maintenance. Insurance Survey This inspection is performed so that the insurance company can determine whether or not the vessel is an acceptable risk. They are interested in structural integrity and safety for its intended use. Most insurance companies require a survey on older boats. The will also want to know the vessels fair market value. Appraisal Inspection This inspection is performed to gather enough information to justify or determine the fair market value of the vessel. This is normally needed for financing, estate settlements, donation, and legal cases. Damage Inspection This is performed to assess the extent of damage, recommend repairs, estimate repair cost, and if requested, the probable cause.
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