Condition and Value Survey - This is also known as a Pre-Purchase Condition and Value, (Or PP C&V) This type of survey is a complete inspection of the vessel and its systems in the water, out of the water, and during a limited performance trial run. This survey type is used to inform the buyer of possible repairs or missing equipment on a vessel prior to its purchase. Vessels are surveyed to ABYC boat building standards (Non-Mandatory but best boat building practices), as well as Titles 33 and 46 of the Codes of Federal Regulations (Mandatory Federal Laws).
All C&V surveys include a report describing the condition of a vessel, a list of vessel deficiencies, and a professional appraisal assigning a fair market value to the vessel. If you are purchasing a vessel utilizing any type of loan, most banks and loan officers require a PP C&V prior to issuing a loan. If you are purchasing a vessel cash, a Condition and Value survey will meet your insurance company survey requirements.
Insurance Renewal Survey - This is also known as a Marine Adjusters Risk Assessment survey. Insurance renewal surveys provide an inspection and report to satisfy the requirements of the insurance company in order to renew an insurance policy. Not all insurance companies are the same. It is important to find out from your insurance company if an in-water inspection will be satisfactory or if an out-of-water inspection and/or limited trial run is also required. Note that this is for insurance renewals only, and not new policies.
Cape Marine Survey guarantees PP C&V and Insurance Renewal surveys will be accepted by your lending and/or insurance companies based on accuracy and format only. Surveys rejected by lenders and/or insurer's due to poor vessel conditions is not guaranteed.
Damage Survey - A Damage Survey and Insurance Claim Survey is generally requested by an insurance company to determine the cause, nature, and extent of damage to a vessel regarding insurance claims, however, sometimes the owner may request a Damage Survey to protect his/her interest in dealing with a damage claim.
Corrosion Survey - A Corrosion Survey is a dockside survey to determine how well the submerged metals on a vessel are protected against corrosion. This survey will show the level of cathodic protection provided by the paint system, anodes, and active cathodic protection system (IE Mercathode and others) A corrosion survey inspects for any galvanic currents,stray currents, and dock grounding for possible corrosion problems. The bonding system can be inspected on the hard for continuity and security, however to fully inspect the system and determine its function ability, it is necessary to have the vessel in the water at its berth with, normal systems activated.
Mechanical Services - Cape Marine Survey offer's electrical and mechanical services on a limited basis. Jason is an ABYC Certified Master Marine Technician, and has manufacture specific training with Mercruiser, Mercury Marine, Volvo Penta, Yamaha, Suzuki, Honda. CMS has the required scan tools for Mercruiser, Mercury Marine, Volvo Penta, Yamaha, Suzuki, Evinrude, and can diagnose and troubleshoot alarms, running conditions, and all other matters. Call 239-600-0605 with any questions.
Due to ethical obligations and avoiding potential conflicts of interest, CMS does not offer repair services on vessels surveyed by CMS.