The most common reason for valuation surveys are for probate, divorce settlements and to obtain a value of a craft for loans and insurance purposes.
It’s also worth remembering that the ultimate value of an object is what someone is willing to pay for it. In order to complete a valuation, the condition of the vessel must be confirmed and the vessel will be compared to other similar vessels on the market.
In order to value the yacht a base structural survey will have to done along with the systems on board - a similar process to an insurance survey. Information on comparators is also retained to prove the value given should this be required.