An Insurance Survey is some how similar to the Full Condition Survey with special attention being paid to ascertain the structural integrity and safety aspects of the vessel. This helps the insurance company assess the insurable risk of the vessel. Insurance companies normally require this type of Survey for first entry and at 5 to 10 year intervals (depending upon type of vessel and construction media) for the renewal of the insurance policy.

Insurance Companies or Finance Houses are sometimes satisfied with a less-then-a-full survey (eg: In-water Survey only, or Bottom Survey only); hence in order to fulfil their requirements without incurring in unnecessary costs and delays, we recommend to obtain full information about the scope of the Survey they require. prior to contracting our services.

One particular aspect of Insurance Surveys is represented by the Full Risk Assessment of Mega Yachts to limit Underwriters exposure to large losses. A Full Risk Assessment takes into account not only the condition of the vessel per se but takes into account the way in which the vessel is operated, safety management, human factors, etc