Buying Boats & Yachts

All About Boat Surveys

If you are thinking about buying a used boat in San Diego, one crucial thing you need done before closing the purchase is a boat survey. A thorough boat survey will help protect you from purchasing a possible money pit or boat ill-equipped for use.

What is a Boat Survey

A boat survey, also called a marine survey, is a detailed inspection of the craft usually done prior to purchase. A licensed surveyor will assess the condition and seaworthiness of the boat to ensure safety both financially and physically. The surveyor will check the engine, all electrical systems, navigation equipment, fuel and propulsion systems, and inspect structural elements, like the hull, for cracks or damage. Whether you’re looking at used Bertram Yachts in San Diego or have your eye on a Sea Ray, expect both an on-land portion and an in-water portion.

Reasons to Have a Boat Survey

The main reason to have a boat survey done, of course, is to guarantee a boat’s safety prior to purchase. A seller may want to have the survey done ahead of time in order to address any issues that may need attention, and a buyer will want to have one done to make sure he or she is getting a safe vessel worth the investment.

Another common reason to have a boat survey done is for insurance purposes. The insurer will want to have a qualified surveyor look at the boat to make sure it is in insurable condition. Make sure the surveyor provides a condition and value report, which details the current condition, current value, and cost to rebuild or replace the boat.

Like insurance companies, lenders often require a boat survey. Prior to offering financing, lenders will need to know the current condition and fair market value of the boat.

If you’ve got your eye on a real beauty but need a boat survey done prior to purchase, let the experts at Ballast Point Yachts, Inc. in San Diego help. In addition to a large selection of used boats for sale, we also perform detailed pre-purchase inspections to protect you and your interests. Give us a call today at (619) 977-6006 to schedule your boat survey.