For the majority of boats the estimate of valuation provided is based on known average sale values achieved by craft of similar type and condition in the same location. It should not be confused with the replacement value, which may be substantially higher, particularly in the case of rare or unusual boats.
Valuations are based on opinions. They are not representations of fact; they assume a willing buyer and a willing seller, also the prevailing market conditions at the time of the valuation.
As a Qualified Marine Surveyor I can carry out a valuation survey for you.