To start, you may be
asking, "What is a marine survey?" Basically, a survey
is a physical inspection of a vessel by a qualified professional.
More broadly a marine survey has several definitions. Here is the
Society of Accredited Marine Surveyors (SAMS) description:
This is the most comprehensive type of inspection and is strongly
recommended when purchasing a new or used vessel. Marine surveyors
examine the condition and overall operational capability of the
vessel which includes structural integrity, out of water inspection,
sea trial, electrical systems, propulsion system, fuel system, machinery,
navigation, miscellaneous onboard systems, cosmetic appearance,
electronics, and overall maintenance.
This is performed so the insurance company can determine whether
or not the vessel is an acceptable risk. They are interested in
its structural integrity and safety for the vessels intended use.
Most of the insurance companies require a survey on older boats,
and they also want to know the vessel's fair market value.
Thisis performed to gather enough information to justify or determine
the fair market value of a vessel. This is normally needed for financing,
estate settlements, donations, and legal cases.
This is performed to assess the extent of damage, recommend repairs,
estimate repair costs, and if requested, the probable cause of the