Davis

Founded by Gregory T. Davis, a surveyor with four years of experience at that time, the business was launched with a $4,000 loan from his parents. The following year, Davis became a Certified Member of the National Association of Marine Surveyors. In 1979, he officially incorporated in the State of Illinois, changing the name of the business to Davis & Company, Ltd. For the next eleven years, Davis proceeded to build his business, increasing his own expertise and proficiency as a surveyor and investigator.

Salvage boats generally fall into two categories. The ones that are damaged to an extent that the cost to repair exceeds the market value, or repairs would not put the boat back into the condition it was in prior to the loss. And two, where a constructive total loss is declared. A constructive total loss is where the agreed insurance value, less salvage is less than the cost to repair.

If you're planning on buying a boat, a comprehensive vessel survey can be invaluable. Our surveyors will assess the condition and value of any pleasure vessel and provide you with detailed documents to back up our findings. To find out more check out our Condition and Value Survey FAQ. Similarly, if your boat is damaged or has been involved in an accident, we can offer a complete, impartial assessment of the damage. We have a menu of services products available to insurance claims professionals structured to meet your needs and to control LAE.

As with pleasure craft, Davis & Company can provide complete evaluations on any commercial craft up to 100 tons net. We can evaluate a new or used vessel for purchase, assess any damage to a vessel and provide fire and safety inspections. We also offer special survey options designed specifically for insurers and lenders.