There are several different types of Surveys that may be conducted on yachts. Depending upon the situation they are:
1) A Pre-Purchase, or Condition and Value Survey - This is a complete inspection of the vessel in the water, out of the water, and during a sea trial. It is used to inform the buyer of possible repairs or missing equipment on a vessel prior to its purchase. It also offers a fair market value on the vessel and is usually required to obtain insurance or financing.
2) Marine Insurance Valuation Survey - Extensive marine surveys need to be completed by a vessel evaluation inspector for any marine insurance company to insure a boat. All vehicles that run on land or in the water must be insured in the State of Florida. It’s the law, and it protects the boat owner as well. There are many requirements that an insurance company expects a yacht owner to comply with, including a mandatory marine insurance survey.
3) Marine Financial Evaluation Survey - There are a host of reasons for a boat owner to hire a boat evaluation inspector to perform complete marine financial evaluation surveys on his vessel. Most of which are the result of unfortunate circumstances, such as financial distress, divorce or for settling the estate of a deceased loved one. Regardless of the need for marine financial evaluation surveys in Fort Lauderdale, it is of the utmost importance that an experienced vessel evaluation surveyor handles the job. Getting a realistic marine evaluation survey is important to understanding the value of the property.
4) Marine Customs Survey - Every time that a foreign vessel is imported to the United States, marine customs surveys must be performed. Just as a person must pay taxes when he buys a car or truck, he must also pay taxes when he purchases a vessel. This is the case whether it is purchased from a foreign or domestic seller. When a vessel is purchased from a seller outside of the United States, a foreign yacht evaluation inspector must do a complete marine survey. This is to ensure that the boat buyer pays the proper amount of taxes, according to the value of the vessel.
5) There isn’t anything that shatters a mariner’s heart than seeing that his vessel, his pride and joy has sustained damage. This can be a devastating blow in more ways than one. Of course, the first thing is to place a call to the insurance company. Once the situation has been reported, it is essential that a marine damage surveyor be contacted for vessel damage reports. Naturally, the insurance carrier will require complete marine damage surveys and reports before any repairs can begin. The boat damage surveyor will perform a thorough inspection of the vessel to locate any and all damages. An accurate marine damage survey and report is then provided to the insurance company.
Regardless of the reason Captain Paul Squire is highly qualified to perform the necessary survey for you. Call us or go to our Contact Page and send us a request.