It’s Time to Get Your Boat Appraisal

Your boat is a specialty and custom vehicle, and it should be appraised just like any other such vehicle you own. You can use an appraisal to get the best price for your insurance, avoid overpricing if you’re selling, and ensure the boat you want to buy is the right one for you. With a boat appraisal, you’ll have all the information you need to make the right decision. Each of our appraisers is experienced and trained to appraise boats, in addition to many other types of vehicles.

You are on your boat and the water as much as you can be when the weather is nice. You may feel like you’re in your boat as often as you’re in your car or home. You need to safeguard your boat, and an appraisal provides the documentation you need to do just that.

An appraisal helps you find the right policy for your boat at the right price. The appraisal is documentation of the accurate market value of the boat. It’s not just what the insurance appraiser says the value is. The insurance appraiser likely doesn’t have experience appraising modified boats and probably doesn’t have access to the latest in comparable sales data. If the insurance appraiser appraises your boat, there is a good chance that it is going to be undervalued.

All of our appraisers utilize their expertise and experience to value many different types of vehicles. They use industry knowledge and information from our extensive database of sales to determine an accurate market value for your boat.

If your boat has been damaged, it certainly decreases in value. If the damage wasn’t your fault, you can submit a diminished value claim to the insurance company of the at-fault party. This is the difference between the value of the boat before it was damaged and what it’s worth after the accident.

You can also use the appraisal to tell you what your boat is worth if you choose to sell it. Then you can sell it quickly by setting the most reasonable price. If the boat needs any repairs before you put it up for sale, the appraisal will tell you that, too.

If you’re in the market for a boat, you should consider getting a pre-purchase inspection. You can trust the dozens of photographs and detailed notes provided by an appraiser to tell you the true state of the boat. You’ll learn about anything that needs to be repaired, and you may be able to negotiate the price. With a boat appraisal, you can protect your investment in a variety of circumstances.