Harbor View Marine Surveying

Marine Insurance Survey

A marine insurance survey is conducted to assist underwriters in determining a vessel's condition and insurability for initial policy issuance or renewal. The primary focus of a marine insurance survey is structural integrity, safety, and inspection of system installations per NFPA and ABYC guidelines. Safety gear is inspected and noted for compliance with federal requirements, while pertinent identification information is recorded for future reference, valuation, and claims adjustment.

The content of a typical marine insurance survey's written report is similar to that of a C&V survey, providing detailed vessel information, discrepancies, and recommendations. In many cases, a marine insurance survey is similar in scope to a condition and value survey. The biggest difference is that in some cases (typically policy renewal for an established client), underwriters will accept an "in-water" survey without a limited sea trial run.