Insurance Condition &
Valuation Surveys
Insurance companies often require an independent Condition & Valuation Survey before issuing or renewing a marine policy. Our certified marine surveyors provide detailed, insurer-ready reports for both pleasure craft and commercial vessels, ensuring you meet all safety, compliance, and valuation requirements.
Pleasure Craft Insurance Condition & Valuation Surveys
For yachts, sailboats, powerboats, and other recreational vessels, we:
Inspect the vessel in and out of the water (including underwater components if hauled)
Assess hull and deck condition, propulsion systems, fuel/exhaust systems, and steering gear
Check electrical and plumbing systems for safety and compliance
Verify safety equipment, including life jackets, bilge pumps, and fire extinguishers
Identify any damage, corrosion, or maintenance issues
Provide fair market value and replacement cost estimates based on current market trends
Purpose:
Secure new insurance coverage
Renew an existing policy
Support financing or resale transactions
Commercial Craft Insurance Condition & Valuation Surveys
For working and commercial vessels—such as tugs, barges, fishing boats, passenger ferries, offshore supply vessels, and cargo ships—we:
Assess hull integrity, both topside and underwater
Inspect propulsion, steering, and onboard machinery
Check lifesaving appliances, firefighting gear, and navigation equipment
Review pollution prevention systems and regulatory compliance
Verify crew certification, vessel documentation, and logbooks
Document deficiencies and recommend repairs or upgrades
Provide current market value and replacement cost figures
Purpose:
Meet insurer requirements for coverage
Satisfy flag state, classification society, or financial institution standards
Support asset management or resale decisions
Why Our Insurance Surveys Are Trusted
Conducted by certified marine surveyors
Fully compliant with insurer and regulatory requirements
Clear, well-documented reports with actionable recommendations
Fair, evidence-based valuations backed by market research