Once you’ve purchased your vessel, securing proper insurance or renewing an existing policy often requires a professional Boat Insurance Survey. At Caribbean Marine Surveyors Ltd., we provide thorough and reliable inspections for all your insurance and compliance needs. Our experienced marine inspectors ensure that your vessel is safe, seaworthy, and accurately valued, giving both owners and insurers confidence in their coverage.

Every survey is carried out with the same meticulous attention to detail as a full purchase survey because your safety, the protection of your investment, and compliance with regulations are our top priorities.

Condition & Evaluation Survey

A condition and evaluation survey for marine insurance provides insurance companies and their underwriters with all the information required to assess risk and determine the fair market value of your vessel. Our marine inspectors evaluate the vessel’s structure, machinery, rigging, safety systems, and equipment to ensure comprehensive coverage and minimize warranty issues in the final insurance report.

During a Boat Insurance Survey, we thoroughly examine and document:

  • The vessel and major equipment, identifying serial numbers wherever possible
  • Any defects or conditions that could lead to insurance claims, such as sinking, fire, dismasting, or other damage
  • Bulkheads, through-hull fittings, mechanical installations, steering, tankage, electrical systems, safety and firefighting equipment, navigation instruments, and rigging, including the mast aloft

The Report

The survey report is prepared in clear, professional language, using marine terminology only where necessary. Digital photographs are included to provide a visual record of the vessel’s condition. All inspections follow recognized standards such as ABYC, NFPA, USCG guidelines, or MCA requirements as appropriate. Valuations are based on NADA and BUC book values, market research from platforms like SoldBoats.com, and adapted to the local Caribbean market.

Before scheduling your Boat Insurance Survey, we advise confirming with your insurance provider whether an in-water or out-of-water inspection is required. Owners should also perform a basic pre-survey check, including through-hull fittings, hoses, clamps, fire extinguishers, flares, and other safety equipment. If an out-of-water survey is necessary, arrangements can be made with a local boatyard for a “survey haul,” during which the vessel is inspected while in the slings and relaunched afterward. The marine inspector may request access to lockers or minor dismantling of components such as chain plates and the mast step to ensure a thorough inspection.

Our Fees

Our fees are based on normally equipped fiberglass boats to 50 feet on a sliding scale depending on length.

Monohulls less than 40′ are US$38.00 per foot, 40′ to 49′ are US$40.00 per foot. 50′ to 59′ are US$45.00 per foot and 60′ or above by individual quotation with a minimum of US$50 per foot.

Multihulls less than 40′ are US$42.00 per foot, 40′ to 49′ are US$45.00 per foot. 50′ to 59′ are US$50.00 per foot and 60′ or above by individual quotation with a minimum of US$50 per foot .

We accept payment by a cheque drawn on a US Bank, Travellers cheques, Cash, Credit and Debit cards, Wire transfer, or you can pay online.  Our payment system is very easy. We email you an invoice with a “Pay Now” button which takes you to a secure on-line system managed by Fygero”. You enter the card details and as soon as you pay, we get an email showing payment and it is also registered on our Fygero account. At no time do we see any of your card details.

Over the years, the insurance market for used vessels has changed, but we’ve been around long enough to know how to inspect any used vessel. This history has kept customers coming back to us since 1995. We are a trusted by insurers worldwide. Do not hesitate to reach out to our trained staff with any questions or comments you have.

We can be reached at (1) 284 346 2091 or over email at info@caribsurveyors.com. For work outside the British Virgin Islands, or if you would like a quote, contact us.

Our Contract

Please review our survey contract. Print it and either fax it to us or scan it and email it to us when we have agreed terms etc.

For more information on our marine inspection surveys and boat inspection, contact Caribbean Marine Surveyors today.