This is the most common survey we perform. Lenders often require this type of survey before financing a vessel to confirm the value and condition before closing. Depending on the age of a vessel, insurance companies require a survey every 3-5 years, by a licensed surveyor.
This survey is quite comprehensive and documents everything from deficiencies, recommendations for repairs, safety equipment, etc. A condition and value survey can be done on land or in the water, depending on the scope required by lenders or insurance companies.