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An Insurance Survey, also known as a Condition and Value Survey, is typically required by the insurance underwriter every four to six years depending upon the company. The underwriter uses the survey to determine if your vessel is a suitable risk for its intended usage. The purpose of this inspection is to let you and the underwriter know of any safety or maintenance concerns, as well as to place a fair market value on the vessel. This survey is just as detailed as a Pre-purchase Survey but may not include a sea trail if not required by the underwriter.
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