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 to 5 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.
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.