Watercraft Insurance Appraisals

Our team comprises seasoned professionals with extensive experience in valuing watercraft. We understand the intricacies of the market, enabling us to provide accurate and reliable Actual Cash Value (ACV) assessments. 

the whole process takes less than 5 minutes to complete

What is a watercraft insurance appraisal

A watercraft insurance appraisal is an assessment process conducted by insurance adjusters or marine surveyors to determine whether a boat is a total loss following damage. This occurs when the cost to repair the boat exceeds its insured or market value, or when repairs are deemed economically impractical.

During the appraisal, the adjuster evaluates the extent of the damage, factoring in repair costs, salvage value (if any), and the boat’s current value based on age, condition, and market trends. The total loss designation may apply after events such as collisions, severe weather, fire, or sinking. If declared a total loss, the insurance company typically compensates the owner based on the agreed value or actual cash value (ACV) policy, minus any deductibles.

This process helps owners understand their insurance settlement and guides insurers in determining whether repairing or replacing the vessel is more financially viable.

Which Appraisal is right for you?

Regular Auto

We assess diverse vehicles, from daily drivers to heavily-modified vehicles.

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Heavy Duty Vehicles and Machinery

Tailored heavy-duty truck and equipment assessments by specialized appraisers.

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Recreational Vehicle

Precise appraisals for trailers, RVs, motorcycles, and more.

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Boats and Watercraft

Experts in watercraft valuation, delivering precise appraisal assessments.

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Money back Guarantee

If our trusted market value report does not enhance your settlement value, you will receive a full reimbursement.

So start the appraisal process now, you have nothing to lose and everything to gain.