A pre-purchase survey is a comprehensive and very thorough inspection of the vessel and its on-board systems using non-destructive and non-invasive testing and discovery methods. The vessel will be examined for compliance with mandatory United States Code of Federal Regulations (CFR), Title 33 and Title 46 regulations, USCG regulations, recommendations of the American Boat and Yacht Council (ABYC), and the National Fire Protection Agency (NFPA). Upon completion of the inspection the survey report will be generated including all noted deficiencies, recommendations and fair market value of the vessel.
In order to obtain a fully comprehensive survey it is recommended that the vessel be short hauled allowing for inspection of the wetted surfaces, through hulls, and underwater machinery. The bottom of the vessel will be visually inspected and sounded with phenolic sounding techniques to discover any possible structural deficiencies, prior damage, or osmotic blistering. With the vessel out of the water I am also able to inspect the running gear for possible wear or damage.
Insurance Limited Condition & Valuation Survey
An insurance C&V survey may be done with the vessel either afloat or ashore, depending on the insurance carrier’s requirements, and doesn’t necessarily require a sea trial or operational testing of all equipment and systems. An insurance survey should not be confused with a pre purchase survey. Also known as an insurance appraisal report, it is conducted to assist underwriters in determining a vessel’s condition and insurability for initial policy issuance or renewal. The primary focus of an insurance survey is structural integrity, safety and inspection of system installations as per NFPA and ABYC guidelines. The appraisal inspection determines the fair market value of
a vessel for the underwriter’s formal
Appraisal surveys are used for financing, estate and divorce settlements, and donation of vessels to charities. Professional marine surveyors are recognized by the IRS, courts, banks and insurance companies as boat and yacht appraisers within their area of expertise.
OUR CUSTOMERS HAVE NICE THINGS TO SAY
"Ron Thompson from Currents Marine Survey did an awesome survey and provided a very detail report on a boat that I am looking to purchase. His report included details and photos that assured me of the boat's condition and value. I highly recommend Currents Marine Survey if you need a marine survey. Thanks to Ron, now I can buy my dream boat.
"In September of 2021, Ron at Currents Marine Survey did a survey for us on a 2016 Grady-White 330 Express that we were buying in Edmonds, WA. He was very detail oriented, communicative, and knowledgeable. He delivered the survey timely and was willing to discuss it and answer all my questions before, during and even after the survey was complete. This was a major purchase for me and my friend, and considering we live in CA, and had not seen the boat in person yet, his information definitely helped us feel like we were getting a good boat for the price."