Agree...esp if you're confidant you know what to look for yourself. At that value you may not even be concerned about insurance, which might require a survey.
1984 Fast/Nicholson 345 "FastForward"
".. there is much you could do at sea with common sense.. and very little you could do without it.."
Capt G E Ericson (from "The Cruel Sea" by Nicholas Monsarrat)