If you are thinking about working with boat surveyors Palm Beach, you probably have done your research on what is a boat survey. If you haven’t, a boat survey also referred to as a marine survey, is a comprehensive check-up for a boat. It is the equivalent of getting a roadworthy certificate for a car. The primary purpose of a boat survey is to identify any existing issues, highlight areas of weakness and provide a detailed image of the overall condition of the vessel. There are three main reasons why you should hire a marine surveyor.
Get an unbiased assessment
When buying a used boat, it is good to note that the owner may be unaware of some existing issues. That is why you need to request an independent survey from boat surveyors Palm Beach. The survey has to be done as a condition of purchase and before settlement.
A marine surveyor will assess every aspect of the boat ranging from structural and rigging to electrical systems, plumbing and mechanical components. This will be done both on and off the water. The findings of the surveyor will then be detailed in a survey report. Pay attention to the feedback of the surveyor because their assessment is both independent and unbiased.
For insurance valuation
An independent survey report is usually a requirement for insurers. Most insurers will require that you get a survey done before they can insure your pre-owned boat. The survey will help you know if there are major defects that need to be repaired and how much the repairs will cost. The survey also gives an estimate of the fair market value of the boat. This information is vital because it will help you know if you are making a sound investment or not.
Always make sure the boat surveyor you are using is approved by the insurance company you plan on using. You also need to request a list of items that your insurer wants to be reviewed.
Protect your investment
The third reason why you should consider getting a survey done is to protect your investment. Buying a boat is a big investment. You have to think through the decision carefully. One way of doing that is getting a thorough inspection of the vessel. Hire a competent surveyor to help with the inspection.
A lot goes into a marine survey. The best thing you can do is make sure that you have the right team doing the evaluation for you. Find boat surveyors Palm Beach who have performed surveys on boats similar to the one you are considering. The surveyor must also have a good reputation.