An Insurance Survey is conducted to help underwriters determine a vessel's condition and insurability for new or renewed policies. The primary focus is on:
The written report typically includes:
Similar in scope to a Condition and Value (C&V) survey, an Insurance Survey may vary in that:
This survey ensures underwriters have the necessary information to assess vessel insurability, while also providing valuable insights for clients.
While we've outlined four basic survey types, there can be overlap between them. For instance, a Condition and Value (C&V) survey's comprehensive inspection can serve multiple purposes, such as:
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