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Total loss boat appraisals establishing actual cash value before settlement, prepared in accordance with USPAP. AppraiseItNow provides certified marine valuations documenting pre-loss condition, comparable sales, and depreciation to support your negotiation.
…couldn’t be happier with the experience
AppraiseItNow was excellent to work with… They delivered exactly what I needed
…I am looking forward to utilizing AppraiseItNow for many years to come
DEFENSIBLE, USPAP-COMPLIANT BOAT APPRAISAL REPORTS — QUALIFIED FOR INSURANCE CARRIERS, ADJUSTERS, AND CLAIMS REVIEWERS.
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Owner & CEO
Joe founded AppraiseItNow to make a certified, USPAP-compliant appraisal as simple to order as anything else online. A former Bain & Company strategy consultant, Joe leads the entire team and specializes in strategy, growth, and the firm's tech capabilities.
Vehicle Appraiser
CAGA Certified Appraiser since 2014, covering vehicles, boats, equipment, fine art, and collectibles. A classic-car restoration background informs her vehicle work, with reports prepared for insurance, divorce, and charitable contributions.
Client Success Manager
Manages each engagement from the first enquiry to the delivered report, and keeps you posted at every step along the way.
Certified Appraisers Guild of AmericaCertified Appraiser
The Appraisal FoundationAuthorized by Congress as the source of appraisal standardsWhen a boat sustains catastrophic damage and repair costs approach or exceed its pre-loss value, insurers declare a total loss and base their settlement on the vessel's actual cash value at the time of the incident. This ACV determination accounts for the boat's age, condition, equipment, and comparable market sales, and it forms the foundation of any insurance claim dispute or negotiated settlement. If you're claiming a casualty loss on your taxes, IRS Form 4684 requires documented fair market value before and after the loss, and appraisals supporting deductions over $5,000 must meet the qualified appraisal standard under Form 8283, Section B. Our marine vessel appraisal services cover every stage of this process with credentialed, USPAP-compliant reports.
AppraiseItNow delivers both online and onsite appraisals, making it straightforward to get a defensible valuation regardless of where the vessel is located or stored. Whether you need documentation for an insurer disputing a payout or IRS support for a tax casualty claim, our total loss valuation services are built to hold up under scrutiny.
AppraiseItNow appraises a wide range of vessels across all size categories and use types, including:
Our appraisers review all available documentation before the valuation, including title, registration, purchase records, maintenance logs, upgrade receipts, prior appraisals, and incident reports from the Coast Guard or local authorities.
The appraisal report establishes the vessel's actual cash value immediately before the loss event, drawing on comparable market sales, published marine guides, and condition-adjusted depreciation analysis specific to the hull type, engine hours, and installed equipment.
Reports are USPAP-compliant and prepared by appraisers credentialed through recognized professional organizations, making them suitable for submission to insurance carriers, use in claim disputes, or attachment to IRS casualty loss filings.
Appraisals are available online using photos, records, and remote data review, or onsite at a marina, storage facility, or salvage yard when physical inspection of the damaged vessel is necessary for an accurate determination.
What clients say we are known for
Across 80+ published AppraiseItNow reviews the picture is consistent: every one is from a client who paid us for an appraisal, and the three things they raise most often are that they would hire us again, how quickly we answer, and how much research is visible in the report.
We recently used AppraiseItNow for one of our clients and couldn’t be happier with the experience. The customer service was excellent, and Joe was quick to respond to all of our questions. He provided everything we needed promptly and made the process smooth from start to finish. Thank you!
Boat Appraisal for Insurance Coverage
AppraiseItNow was excellent to work with. They delivered exactly what I needed and were incredibly responsive throughout the process. I’d definitely recommend them!
Boat Appraisal for Insurance Claim
From the start they were very responsive, price competitive, and had a quick turn around time. Thank you so much to Joe who was very sweet in responding to my emails; I am looking forward to utilizing AppraiseItNow for many years to come.
Very thorough and professional — great communication and outstanding service. Highly impressed with their work!
Commonly when repair estimates reach about 75 to 80 percent of insured or market value, but unlike autos there is no nationwide statutory percentage for recreational vessels. The decision is case by case, weighing repair cost, salvage value, structural safety, and policy terms, and some maritime case law has found constructive total loss at repair costs above half the insured amount.
An actual total loss means the vessel is destroyed or irretrievably lost, such as a sinking with no recovery; a constructive total loss means repair is technically possible but the cost would exceed the vessel's value. The classification affects abandonment notice, salvage offsets, and which policy clauses control the payout.
The insurer surveys the local market for comparable boats and adjusts for age, condition, and installed enhancements, then subtracts the deductible. Recent listings for similar vessels, prior surveys, maintenance records, and documentation of upgrades are the evidence that supports, or challenges, that market survey.
The declarations page: agreed value policies pay the written amount regardless of depreciation, so disputes shift to whether the vessel's description, equipment list, and valuation documentation were accurate when the value was set. Purchase contracts, marine surveys, and endorsements adding engines or electronics become the pivotal evidence.