Higgins Marine Services

TYPES OF SURVEYS

Condition & Valuation 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.

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.