Damage Surveys can be instigated by Insurers or Owners to estimate the extent of necessary repairs and their cost. Damage Surveys are usually required by an insurance company to assess the extent of damage to a vessel resulting from an accident. The surveyor will carry out a thorough examination and report on the resulting condition of the vessel, the probable cause of the damage, recommended repairs, and an estimate of the cost of such repairs. This will require liaising with the client, boat yards or repairers and transportation specialists.
It should be noted that insurance companies expect immediate reporting of accidents / incidents, and speedy damage assessment and reporting by a surveyor. Every effort should also be made to minimise further damage or deterioration of the vessel following the incident. Machinery should protected internally from further corrosion after immersion. Electrical or Electronic accessories should be removed or salvaged where this is feasible.
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