A condition and value (C & V)  inspection is generally used by insurance underwriter’s and financial institutes to aid them in assessing financial risk.  This inspection addresses structural hull and deck areas, machinery installations, fuel, exhaust and electrical systems.  Often times the insurance company does not require that the vessel be hauled from the water for inspection or launched if already stored ashore.  C&V Surveys are limited to visual inspections.  No operational testing or sea trials are performed, unless required by the above institutes.
     A C&V report format is tailored to the special needs of insurance underwriters and financial institutes, and omits descriptive detail considered valuable to the perspective purchasers.  A C&V inspection and report should not be used for making a purchase decisions.  
     A C&V survey is a static inspection that compares the particular vessel to similar vessels of the same age, size, class and intended service. Current American Boat & Yacht Council, National Fire Protection Association and USCG standards and regulations are used to assess the vessels:

Hull, deck, and other structural members
Machinery installations
Fuel systems
Exhaust systems
Electrical systems
Safety equipment
Approximate market value & replacement cost

Click Here to view a sample of our C & V Inspection Report.

Sample Survey

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