Many insurance companies won’t consider insuring a used boat that hasn’t been surveyed.
Many lenders won’t consider financing a used boat that hasn’t been surveyed.
Used boats are subject to many problems that are hidden from view and require a professional to spot. In some cases, the findings from a surveyor can impact the negotiation process.
A marine survey is helpful in determining what repairs or upgrades may be necessary to get a boat into safe operating condition. Boat surveys also help determine the actual value of a boat, since they can expose items in need of repair or replacement.
Boats, yachts and other watercraft are significant investments for the buyer, bank and insurer. The cost of a boat survey provides peace of mind for everyone involved.
