Marine valuations are carried out to gain sufficient information to determine a fair market value of the vessel. Valuations are normally required for loans, probate settlements, insurance companies and sometimes to settle disputes or legal cases.
To accurately appraise the market value of a vessel, NW Surveying Services will require a degree of research of the market itself. We will also obtain values of similar models for consideration, also certain models may have a particular following and the value may well be higher than other boats of similar size, age and construction.
For some Marine Valuations opinions of specialist parties may be sought.