Condition & Valuation
Using IVSC Standards
Condition & Valuation Survey
Your vessel’s insurance company may ask for a Condition & Valuation Survey. The inspection is a risk assessment to ensure the sea worthiness of the vessel and to confirm the insured value. Interface Marine is listed with all major Insurance Companies offering Yacht or Boat Insurance. The survey for insurance purposes includes an inspection of the vessel’s structural and mechanical condition including the hull bottom. A detailed industry standard report is produced including digital photographs and recommendations. All arrangements for hauling and any remedial work required can be assisted by our helpful team.
A valuation is calculated based on the framework laid down by the IVSC-International Valuations Standards Council including the present market conditions; the vessel’s overall condition, and a comparative analysis of the same model or similar vessels recently sold or advertised for sale.