An Insurance Survey, or C&V as it is often referred to, is a type of survey intended for use by insurance companies for evaluating whether or not they wish to insure a particular vessel. The survey has two primary purposes:
- (1) to identify the vessel, its equipment, condition and general value, and
- (2) to identify defects, damages or hazardous conditions that pose a potential threat to the safety of the vessel and its passengers, or any other such condition that is likely to result in loss or damage.