SAMS Damage and Valuation Surveys 2

Question 1

When assessing hull damage from a grounding, which area requires the most thorough inspection beyond the visible contact zone?

Accepted Answer

The keel attachment points and bilge areas adjacent to the impact zone

Answer

The transom and stern fittings

Answer

The mast step and rigging

Answer

The fuel tank vents

Question 2

In a damage survey following a fire aboard a vessel, which structural element is most critical to assess for potential hidden compromise?

Accepted Answer

Fiberglass laminates and resin bond integrity

Answer

Upholstery and cushions

Answer

Navigation electronics

Answer

Deck hardware and cleats

Question 3

Which method is most appropriate for documenting the extent of osmotic blistering during a damage survey?

Accepted Answer

Moisture meter readings at multiple hull locations with photographic documentation

Answer

Visual inspection only from the waterline

Answer

Tapping the hull with a rubber mallet exclusively

Answer

Reviewing the vessel's maintenance logs

Question 4

A surveyor finds that a vessel's transom has been struck by another boat. The owner claims the damage occurred at the dock. What evidence is most relevant to establishing causation?

Accepted Answer

Paint transfer, impact geometry, and witness statements

Answer

The vessel's registration documents

Answer

The vessel's insurance policy limits

Answer

The age of the transom gelcoat

Question 5

When valuing a vessel with significant deferred maintenance for insurance purposes, the surveyor should base the agreed value on:

Accepted Answer

The fair market value in its current condition, not an idealized condition

Answer

The original purchase price adjusted for inflation

Answer

The replacement cost of a new equivalent vessel

Answer

The owner's declared value without adjustment

Question 6

During a damage survey, a surveyor discovers pre-existing damage unrelated to the reported incident. The surveyor should:

Accepted Answer

Document it separately and note it as pre-existing in the survey report

Answer

Ignore it as outside the scope of the engagement

Answer

Include its repair cost in the damage claim estimate

Answer

Refuse to complete the survey until the owner discloses all prior damage

Question 7

Which factor most significantly reduces the salvage value of a vessel declared a constructive total loss?

Accepted Answer

The extent and location of structural damage affecting safety and repairability

Answer

The vessel's age and model year

Answer

The number of previous owners

Answer

The original color of the hull