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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$18.00 per foot. Multihulls less than 50' are US$20.00
per foot. We will quote individually for other vessels.
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