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The Condition &
Valuation ("C&V") survey sometimes referred to as an Insurance survey,
may also be used to refinance your boat loan.
Insurance companies usually
require that a C&V survey be conducted on a
periodic basis (e.g. every 3 years) as a condition for policy renewal.
The fee for the
C&V survey is based upon the length of your vessel.
For a complete breakdown of pricing please view the
Pricing Schedule page for more
information. The
purpose of the C&V survey is to provide the insurance or loan underwriter with
an evaluation of the vessel’s structural integrity, fair market value and safety.
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Based on this evaluation, the
underwriter determines whether or not the vessel is an acceptable risk.
Condition and Valuation
surveys may take place in water, or hauled, depending on the conditions
stipulated in the owner’s individual policy. Please
Contact Us to discuss your specific
requirements. The depth and
scope of a C&V survey does not approach the level of detail provided in
a Pre-Purchase survey. For this reason McGoldrick Marine Surveying will
only conduct C&V surveys for the purpose of reinsurance or refinance.
McGoldrick Marine Surveying offers a
full Money Back
Guarantee, should your insurance or finance company deny our C&V
survey report. |
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