Damage surveys are usually commissioned by the insurance company following a claim being made on a marine policy by a boat owner. The purpose of the survey is to establish the amount of damage sustained, and to determine the cause. The insurer or underwriter will want to know the approximate length of time the repairs will take, how much it will cost, and whether it is financially viable to repair the vessel within it’s market value.
The survey will identify the extent of the damage sustained, the type of repair required, estimate the amount of time expected to complete the repair and provide an overall costing, including replacement of any damaged items.
The surveyor normally oversees the repair work at various stages, thus ensuring that the quality of work is to a high standard and that the agreed schedule is maintained.
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