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Pre-Purchase Survey: This is the most comprehensive type of inspection, and is strongly advised when purchasing a new or used vessel. Condition and overall operation of the vessel should be examined. This covers structural integrity, electrical systems, the propulsion system, the fuel system, other machinery, navigation equipment, miscellaneous on-board systems, cosmetic appearance, electronics, and overall maintenance as well as an out-of-water inspection and a sea trial.

 

Insurance Survey: This inspection is performed so that the insurance company can determine whether or not the vessel is an acceptable risk. They are interested in structural integrity and safety for its intended use. Most insurance companies require a survey on older boats. They will also want to know the vessel’s fair market value.

Marine Damage Survey: The purpose of this inspection is to assess the extent of the damage sustained by the hull, rig, systems, or elsewhere on the vessel. The report presents information on the probable cause of the damage, recommendations on repair, and estimates on the cost for the repairs. Surveyors are typically hired by insurance companies to investigate damage claims. 

 

Appraisal Inspection: This inspection is performed to gather enough information to justify or determine the fair market value of the vessel. This is normally needed for financing, estate settlements, donations and legal cases.