QUESTIONS and ANSWERS
ANSWERS AND QUESTIONS
Q. How can you properly assess the value without seeing the boat?
A. Most of the time no condition adjustment is needed because most boats are in normal condition, considering fair
wear and tear with age considered. It is impossible for Value-A-Boat to adjust for an unseen boat's condition.
However. Value-A-Boat will explain how you can quickly and easily adjust for the vessels condition. Instructions
are on the back of the appraisal document.
Q. What if there is extensive damage, not readily visible by me.
A. If the boat has extensive damage or if in anyway you are uneasy with the vessel's condition get a boat survey.
Surveyors do detail inspections just like building inspectors do buildings. Value-A-Boat does appraisals similar to
real estate appraisers who are only concerned with marketable properties and most of the time they are in normal
marketable condition.
Q. Will this document be accepted with divorce settlements?
A. Great question. That is always said when the person replying to the question knows there is no answer to it. How
can anyone on this planet know what a divorce judge or any judge in any court will do before they give their ruling. If
everything goes as normal in the trial, most judges will almost always lean towards a written, verified, notarized
document over verbal or hear say evidence.
Q. Is there a guarantee that comes with this appraisal?
A. What would you like Value-A-Boat to guarantee? Would you like US Boat to guarantee that a willing buyer or
seller would make a deal using the value we assigned as an average market value of the vessel? So would we.
Please understand this. Appraising is, NOT AN EXACT SCIENCE, like math. An appraisal is only an educated
opinion offered by a person that has performed an in-depth study. They conform to a written code of ethics that is
issued by a dedicated an respected organization. Value-A-Boat qualifies for all of the above. This I can, Eugene J.
Yung, personally guarantee. Appraisals can have different values depending on the appraiser, what he is valuing
and for what reason. Remember, I offer a range of values and you can pick any number within that given range of
values. Appraising is not an exact science.
Q. Do you offer any documentation or methodology with the valuation or is a dollar figure all I get?
A. US Boat furnishes a documentation that has a written detail description of the subject boat, certified by an
appraiser, and notarized by a State Approved Notary. Value-A-Boat subscribes to the services of the largest boat
evaluation experts in the nation and uses all of the accepted adjustments common to the boat appraisal industry to
arrive at the present market value of your vessel. All of our work sheets remain the property of Value-A-Boat. They
remain on file for later backup reference.
Q. What do I do if the value is challenged by my insurance company?
A. Ask for their documentary proof of market value. Be sure the boat description matches your certificate. If by
some chance they used a professional surveyor that did a detailed inspection of the vessel, adjusted for age,
condition and the boat's location. They win. See what you did by showing them your $250.00 appraisal. You got the
best treatment from the insurance company you probably would not have gotten. You made them prove to you that
their value was right. Remember, insurance companies don't always offer the full market value of a vessel, if that’s
what you decided to pick for your certificate. They lean towards the wholesale end, hoping to replace your boat with
one they can find cheaper and they are always shooting for the lowest price. It's your job to make them work and
our document will do that for you.
Buying insurance and having a low appraised value on your vessel. This could save you some money if you think
the vessel has a low risk such as in storage, your savings are smaller payments. Remember, Value-A-Boat only
valued the Vessel and not its extras. The lower cost insurance probably does not cover extras.
Buying insurance and having a high appraised value on your vessel. This could save you some money if you think
the vessel has a high risk such as a busy port, your gain would be a larger damage adjustment. The higher cost
insurance probably does cover extras. Which ever way you go you can’t be wrong. You get what you pay for.
HATE MAIL:
Letter From: Brian Xxxxxxxx
This another service by someone trying to make an easy buck ripping off boaters.
Answer From: Value-A-Boat
I am sorry Brian that you think this is a rip-off. Please take the time to review my entire web-site and you will come to
see that this is something that has been needed for years. All valuable items such as diamonds, jewelry, art, or any
item that is kept for a long period of time should have document certification. Please be so kind as to read my
entire web-site before going off half cocked, saying dumb things and misleading people.
I am filling a need for many folks by doing these market analysis reports which are a lot less money than a detail
boat inspection survey. Some people just want a certified market value. That is all they need for a particular thing.
There is nowhere else they can go. Don’t spoil it for them because of your misunderstanding what it’s all about.
There are appraisals made for different situations such as insurance, selling, buying, cost, replacement cost, loan
value, wills (probate court), divorce court, deprecation for taxes, tax defense, property assessments and a lot more.
Please, see my site page on testimonies.
Letter From: Captain John Xxxxxx
You're a joke. Dude, every boat owner already has a valuation on their vessel it's called a marine survey which list
it's market value and replacement cost. What planet do you hail from? I know of no one who buys an "expensive
yacht" without a survey; in fact the insurance underwriters requires it. Any boat owner can get a FREE valuation by
going to NADA or BUCNET.
Answer From: Value-A-Boat
Your letter to me makes me think you are a joker but I love your comments. It's like giving a hungry person food.
First of all, not every boat owner in America has an up to date boat survey, if any. Valuing for replacement value
isn't what we do. How many boats, "if they had to be replaced", would be replaced exactly as they were originally
built, older boat's especially? Replacement cost valuing is only given to hype up the boat owner, showing the boats
value before it was depreciated and if it was built using todays prices, all that meaning nothing. Value-A-Boat does
a market value as of the date of the appraisal. Yes, a boat survey is sometimes required by underwriters wanting to
know more about the boat's condition. Value-A-Boat don't inspect boats. Instead we inspect the market for boat
sales and we do use NADA and BUC but not for free, we are full time users and know how to adjust for the boat's
location, type, style, age and etc. Most importantly we certify in writing the boat's value as a nonpartisan third party,
signed by an certified appraiser and notary, making it a working document. No joke captain John.
Q. How can you properly assess the value without seeing the boat?
A. Most of the time no condition adjustment is needed because most boats are in normal condition, considering fair
wear and tear with age considered. It is impossible for Value-A-Boat to adjust for an unseen boat's condition.
However. Value-A-Boat will explain how you can quickly and easily adjust for the vessels condition. Instructions
are on the back of the appraisal document.
Q. What if there is extensive damage, not readily visible by me.
A. If the boat has extensive damage or if in anyway you are uneasy with the vessel's condition get a boat survey.
Surveyors do detail inspections just like building inspectors do buildings. Value-A-Boat does appraisals similar to
real estate appraisers who are only concerned with marketable properties and most of the time they are in normal
marketable condition.
Q. Will this document be accepted with divorce settlements?
A. Great question. That is always said when the person replying to the question knows there is no answer to it. How
can anyone on this planet know what a divorce judge or any judge in any court will do before they give their ruling. If
everything goes as normal in the trial, most judges will almost always lean towards a written, verified, notarized
document over verbal or hear say evidence.
Q. Is there a guarantee that comes with this appraisal?
A. What would you like Value-A-Boat to guarantee? Would you like US Boat to guarantee that a willing buyer or
seller would make a deal using the value we assigned as an average market value of the vessel? So would we.
Please understand this. Appraising is, NOT AN EXACT SCIENCE, like math. An appraisal is only an educated
opinion offered by a person that has performed an in-depth study. They conform to a written code of ethics that is
issued by a dedicated an respected organization. Value-A-Boat qualifies for all of the above. This I can, Eugene J.
Yung, personally guarantee. Appraisals can have different values depending on the appraiser, what he is valuing
and for what reason. Remember, I offer a range of values and you can pick any number within that given range of
values. Appraising is not an exact science.
Q. Do you offer any documentation or methodology with the valuation or is a dollar figure all I get?
A. US Boat furnishes a documentation that has a written detail description of the subject boat, certified by an
appraiser, and notarized by a State Approved Notary. Value-A-Boat subscribes to the services of the largest boat
evaluation experts in the nation and uses all of the accepted adjustments common to the boat appraisal industry to
arrive at the present market value of your vessel. All of our work sheets remain the property of Value-A-Boat. They
remain on file for later backup reference.
Q. What do I do if the value is challenged by my insurance company?
A. Ask for their documentary proof of market value. Be sure the boat description matches your certificate. If by
some chance they used a professional surveyor that did a detailed inspection of the vessel, adjusted for age,
condition and the boat's location. They win. See what you did by showing them your $250.00 appraisal. You got the
best treatment from the insurance company you probably would not have gotten. You made them prove to you that
their value was right. Remember, insurance companies don't always offer the full market value of a vessel, if that’s
what you decided to pick for your certificate. They lean towards the wholesale end, hoping to replace your boat with
one they can find cheaper and they are always shooting for the lowest price. It's your job to make them work and
our document will do that for you.
Buying insurance and having a low appraised value on your vessel. This could save you some money if you think
the vessel has a low risk such as in storage, your savings are smaller payments. Remember, Value-A-Boat only
valued the Vessel and not its extras. The lower cost insurance probably does not cover extras.
Buying insurance and having a high appraised value on your vessel. This could save you some money if you think
the vessel has a high risk such as a busy port, your gain would be a larger damage adjustment. The higher cost
insurance probably does cover extras. Which ever way you go you can’t be wrong. You get what you pay for.
HATE MAIL:
Letter From: Brian Xxxxxxxx
This another service by someone trying to make an easy buck ripping off boaters.
Answer From: Value-A-Boat
I am sorry Brian that you think this is a rip-off. Please take the time to review my entire web-site and you will come to
see that this is something that has been needed for years. All valuable items such as diamonds, jewelry, art, or any
item that is kept for a long period of time should have document certification. Please be so kind as to read my
entire web-site before going off half cocked, saying dumb things and misleading people.
I am filling a need for many folks by doing these market analysis reports which are a lot less money than a detail
boat inspection survey. Some people just want a certified market value. That is all they need for a particular thing.
There is nowhere else they can go. Don’t spoil it for them because of your misunderstanding what it’s all about.
There are appraisals made for different situations such as insurance, selling, buying, cost, replacement cost, loan
value, wills (probate court), divorce court, deprecation for taxes, tax defense, property assessments and a lot more.
Please, see my site page on testimonies.
Letter From: Captain John Xxxxxx
You're a joke. Dude, every boat owner already has a valuation on their vessel it's called a marine survey which list
it's market value and replacement cost. What planet do you hail from? I know of no one who buys an "expensive
yacht" without a survey; in fact the insurance underwriters requires it. Any boat owner can get a FREE valuation by
going to NADA or BUCNET.
Answer From: Value-A-Boat
Your letter to me makes me think you are a joker but I love your comments. It's like giving a hungry person food.
First of all, not every boat owner in America has an up to date boat survey, if any. Valuing for replacement value
isn't what we do. How many boats, "if they had to be replaced", would be replaced exactly as they were originally
built, older boat's especially? Replacement cost valuing is only given to hype up the boat owner, showing the boats
value before it was depreciated and if it was built using todays prices, all that meaning nothing. Value-A-Boat does
a market value as of the date of the appraisal. Yes, a boat survey is sometimes required by underwriters wanting to
know more about the boat's condition. Value-A-Boat don't inspect boats. Instead we inspect the market for boat
sales and we do use NADA and BUC but not for free, we are full time users and know how to adjust for the boat's
location, type, style, age and etc. Most importantly we certify in writing the boat's value as a nonpartisan third party,
signed by an certified appraiser and notary, making it a working document. No joke captain John.
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