A Senior AMS® member of the Society of Accredited Marine Surveyors®,
approved by major lending agencies and insurance carriers.
Pre-Purchase 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. On some occasions, a sea trial is included, but at extra cost. An appraisal of the vessel's fair market value and replacement cost is included.
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 and legal cases. A special form of this appraisal is used when donating a vessel to a tax deductible organization in that the appraisal must be entitled, "Appraisal is for Income Tax or Other Related Purpose" and an Internal Revenue Service form 8283 attached.
Damage Inspection
This is performed to assess the extent of damage, recommend repairs, estimate repair cost, and if requested, determine the possible cause.
created 23 Feb. 1997, modified 6 November 1997, copyright Jack Mackinnon, Inc. 1997