|Very often we get asked about boat surveys and what are the benefits of doing so, this week we are going to discuss details on the importance of marine surveys.|
What is a Marine Survey?
it is a comprehensive check-up for boats, designed to identify existing problems, point out areas to improve, and give a detailed picture of the overall health of the vessel.
The two major reasons to hire a Marine Surveyor are:
1 Get an Unbiassed Assessment
When you are buying a boat, especially second-hand, the current owner may not be aware of any existing problems, if there is any, This is when a marine survey is very important before settlement.
During a repurchase survey the marine surveyor has the opportunity to assess all aspects of the vessel:
- Mechanical Components
- Electrical Systems
- Hull Planking
- Propulsion System
As a result, the surveyor submits a report, with recommendations and a conclusion, that can help the price negotiation and repairs needed.
2 Get Profesional Valuation
Many marine underwriters (insurers), require a complete survey to be completed prior they will ensure a pre-owned vessel.
A professional marine surveyor will inform whether any repair needed to be completed and the cost of each repair accurately, this information is vital and can be used to determine if the boat is a good value and what is estimated provision in years ahead for upkeep.
Buying a boat is a big step, and a huge investment, a Surveyor will be your best advisor during this process.