APPRAISAL AND ESTIMATE GIVE ME

If your yacht suffers damage due to bad weather, collision, grounding or any other type of accident, you should notify your insurance company immediately.

In most cases, the insurance company then assigns an expert (at its own expense) to assess the damage and act as a liaison between the yacht owner and the insurers.

The initial task of the adjuster is to investigate the cause of the accident, assess the damage, and submit a preliminary report that includes recommendations for repairs and an estimate of costs.

The appraiser then helps the boat owner get estimates for repairs and helps select the right repair companies. Once all repairs are finalized and all expenses are known, the appraiser sends a final report to the insurance company.

Good cooperation between the insured (the yacht owner) and the surveyor is essential to ensure that a damage claim proceeds smoothly and without delays.