We are sure that many of you here are curious to know what exactly is a marine survey. A marine survey is a term that is commonly used to refer to a comprehensive check-up for boats. It is the equivalent of getting a roadworthy certificate for a motor vehicle. A marine survey is specifically designed to identify any existing problems of the boat, highlight its areas of weaknesses which might turn into future issues, and give a detailed picture regarding the overall health of the vessel. This is also a requirement asked by insurers for the applicants. If you want to get a reliable and credible valuation for your vessel, we suggest that you get a professional survey. We have listed down below some of the top reasons why investing in a marine survey will tell you all the things that you need to know about it.
First things first, investing in a marine survey will get you an unbiased assessment. For those of you out there who are considering the idea of purchasing a second-hand boat, know that there is a high chance for the owners to not be aware of any existing problems the vessel may have if there are any. This is the very reason why a marine survey is essential. This is the kind of thing that must be carried out as a condition of purchase, and before settlement. The marine surveyor must be given the chance to assess all the aspects of the vessel, may it be its mechanical components, electrical systems, plumbing, rigging, or even structural design, both off and on water. The outcome of the report will give you an idea if the boat has any key weaknesses or not, and if the boat represents the price that you are paying for it. Listen as carefully and cautiously as you can with the feedback since the surveyor is independent and unbiased.
Another reason why you should invest in a marine survey is that it allows you to get an insurance valuation. Almost all marine insurers out there are requiring a full survey to be carried out before they proceed on insuring the pre-owned vessel. There is no way for you to determine the value of the boat accurately if you do not scrutinize it first. If you are considering the idea of purchasing a catamaran, we highly recommend that you do thorough due diligence. Once the marine survey is over, you will know if there are any minor or major defects or repairs to be made, not to mention how it will provide you with information regarding the cost and how much the boat is really worth. All of these are essential information, and you can utilize it in determining whether or not the boat is good value, and what you can have to provide in the years ahead for upkeeps. Always remember that a pre-owned boat is no longer a new boat, thus, there might be some issues raised by the surveyor which may reflect in the purchase price. In the event that the purchase price reflects the cost of correcting these defects, this means that you are purchasing a valuable and significant item.