Marine survey

{
  "id": "MLC-T-INS-002128",
  "term": "Marine survey",
  "field": "Insurance and risk management",
  "definition": "A detailed inspection of a vessel conducted by a qualified specialist to assess its condition, construction, equipment, and market value. Marine surveys are performed for insurance underwriting, claims investigation, pre-purchase evaluation, or financing. A \"Condition and Value\" survey, required by many insurers for older boats, evaluates the vessel's structural integrity and seaworthiness, while a \"Damage Survey\" determines the cause and extent of loss following an accident.",
  "url": "https://mlchart.com/terminology/insurance/marine-survey/"
}