This inspection is performed so that the insurance company can determine whether or not the vessel is an acceptable risk.  It is used to inform the buyer of possible repairs or missing equipment on a vessel prior to its purchase. They are interested in structural integrity and safety for it’s intended use; most insurance companies require a survey on older boats, although it’s ALWAYS recommended to get this type of survey, whether it’s an old or new boat. Included in this report are the current market and replacement value, which are critical for insurance.


  • Inspection of the vessel “where she lays”. In her slip or hauled out, either is ok, sea trials are not usually required.
  • Survey scope & general vessel information.
  • Exterior hull inspection – visual.
  • Top deck and superstructure inspection – visual.
  • Interior and bilge inspection – visual.
  • Machinery space inspection – visual.
  • Helm & navigation electronics inspection.
  • Steering inspection.
  • Propulsion inspection – if possible, vessel needs to be in water.
  • Safety equipment inspection.
  • Electrical inspection.
  • Plumbing inspections.
  • There will be recommendations and notes on all findings. An easy to read list will include all unsatisfactory findings.
  • Current market value, based on BUC and similar vessel/location research.
  • Replacement value.
  • The report will be emailed to the client as soon as it’s complete. A hard copy w/seal will be sent to client as well.

Additional copies are always available.

  • We will provide follow up with insurance companies and financial institutions regarding any of our findings, if they have questions.

An insurance survey is a limited form of survey that is intended to assist insurance underwriters in making underwriting decisions. The survey has two primary purposes: (1) to identify the vessel, its equipment, condition and general value, and (2) to identify defects, damages or hazardous conditions that pose a potential threat to the safety of the vessel and its passengers, or any other such condition that is likely to result in loss or damage.

Insurance surveys can also serve as an appropriate format when lending institutions request “appraisals.” While there is no commonly accepted format for anyone who requests an appraisal, but the insurance survey format fills this purpose quite well.