Yacht Trend in Panama

The trend in the yacht market subject to verification the value of the ships, According to the latest actions of the insurance companies, the verification of the state, condition and valuation of the ships has become valid after the variation in risks due to the situation by region that the world is experiencing, especially for the risk segment for reinsurers in Europe. The compliance verification for yachts from countries on the list subjects the valuation of the ship to the support of investment and verification of maintenance plans audited by suitable third parties.

Yacht Depreciation Criteria

Like any element that depreciates, yachts can have a depreciation factor to the extent that there is consensus in its formula, that is, that the expert of the party that owns the yacht agrees with its application along with other factors such as the average price of similar ships (in the place where it is valued, not necessarily the USA) and of course, the degree of investment according to the preventive maintenance plan.

So, thinking that as a yacht owner that there is no way in which the value of the ship can be sustained is a constant to which we prefer not to give relevance or find a solution more than what my secretary / manager or even captain can. …support with the invoices you have. The issue is these invoices are no longer evidentiary measures or support for the determination of the yacht when whoever finally makes the evaluation connotes informality, omission of “musts” and of course, conflict of interest as the client, judge and party.

The solution

This being a very large gray cloud that leaves in play the determination of a value that is between 6 and 7 figures, on an asset that has cost us and that we find difficult to maintain, discourages the acquisition of yachts, the entry of new people to the nautical world and its disinterest, but it did manage to boost our determination to find a solution that would provide a sustainable response to the transparency of the value of the ship, its condition and the intention of the owners with it, through the sum of several processes that are finally summarized in a yacht value conservation program (Yacht Value Protection Program - Y.V.P.P.) that through surveillance and auditing, we can certify the boat or yacht that enters the program.

The result

With the Y.V.P.P. We have already managed to defend the value of several yachts with a value between 500,000 and 5M USD in a transparent and satisfactory manner, facilitating the processes of both claim and reinsurance and/or sale-transfer of the yacht to a buyer from the owner, noting that the program by Y.V.P.P. manages to change the determination of what it means to have a boat/yacht by getting out of that gray cloud and no longer considering itself a “sunken value” or “a lost fight with insurance” or “necessary evils” when satisfying a pleasure. / desire to sail and have a boat/yacht, whatever.

If you knew that the value of your Boat/Yacht could actually be insured and proven to be protected, you would stop considering it a “losing fight” and it would become what we really want it to be… an effort and intention valued by the insurance and those who notice him.