Thomas Benton Marine Surveyor

"Limited" Condition & Value Insurance Survey

This type of survey is normally ordered by the present owner of a vessel, usually at the request of his insurance company, as a condition of renewing the insurance policy.   The purpose is to assure the insurance company that the vessel has been adequately maintained since the time of the last inspection, and that there are no glaring deficiencies that are likely to put the insurance company at financial risk. * Includes basic inspection for deficiencies relating to life & safety, an appraisal, and a "Short Form" report stating the general condition of the vessel, including notation of any obvious defects.  This inspection is designed to satisfy the minimum requirements of most insurance company requests for a survey.  In most cases, it will also meet the appraisal requirements of Lenders. * PLEASE NOTE * This is a “STATIC” inspection, Operational tests are not included!  This is not considered a pre-purchase inspection.  It does include the information that insurance companies need to issue or re-issue a yacht policy. Click here for an Insurance Condition and Valuation Survey Work Order (PDF).

Copyright © 1996/2008 Thomas C. Benton - tom.benton@marinesurveyor.com
Installed January 3, 1996, Last Revised July 19, 2008
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