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Condition and Evaluation for Insurance

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Condition and Evaluation for Insurance

CARIBBEAN MARINE SURVEYORS LTD. Condition and Evaluation for Insurance Survey will provide insurance companies and their Underwriters with all the information they require in order to evaluate their risk and provide a fair market value.

CARIBBEAN MARINE SURVEYORS LTD. Condition and Evaluation for Insurance Survey will:

Identify the vessel and major items of equipment using serial numbers wherever possible.

Identify defects and other conditions which may lead to insurance claims, for example; sinking, fire, dismasting, etc. Where possible we will give the owner the benefit of a compliance survey so that the final report does not contain a list of defects requiring repair. This means that the insurance company can issue a policy free of warranty issues.

We inspect and report o­n; bulkheads, through hull fittings, mechanical installations, steering, tankage, electrical installations, safety equipment, fire fighting equipment, navigation equipment, rigging and mast aloft, etc.

The report-

*Will be carried out using ABYC, NFPA, USCG guidelines.

*Will be written using normal language, marine terminology where necessary.

*Will be completed in a timely manner.

*Will contain digital photographs.

Evaluation will be based o­n NADA and BUC book values and adapted to the local market.

Before you arrange the survey please find out from your insurers whether you need an 'in-water' or 'out of water' survey. We advise owners to check the vessel themselves prior to the survey. Check all through hull fittings, hoses, hose clamps, expiry dates o­n fire extinguishers, flares etc. If an out of water survey is required, you will need to arrange a haul at a boat yard. This 'survey haul' is normally carried out over lunch time, the vessel is left in the slings, and re-launched after the bottom survey. The surveyor will ask you to empty lockers to gain access to bulkheads etc. The surveyor may ask you to provide minor dismantling of some areas, for example: chain plates and mast step.

Our fees are based o­n normally equipped fiberglass boats. Monohulls less than 50' US$23.00 per foot. Multihulls less than 50' are US$25.00 per foot. We will quote individually for other vessels.

 

 




 


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