What Is a Moisture Meter Reading?
A scan taken with a meter that reads moisture in the laminate from the surface - a measurement that takes the guesswork out of osmosis and balsa rot discussions.

A moisture reading is a surface scan of the moisture level within the hull and deck laminate using an electronic moisture meter. The instrument does not measure an absolute 'percentage of water'; it reads relative conductivity. So the real technical point is not one number, but comparison: a dry area of the same boat is used as the benchmark, and deviations are mapped.
It is an early warning tool for two costly problems that are not visible to the eye: the start of osmosis in a polyester hull, and the slow, creeping decay of balsa-cored sandwich decks. Both can look perfectly sound from the outside while years are being gained or lost inside.
Correct interpretation
Rushed readings on a wet boat: a hull that has just come out of the water will still carry surface moisture; for a reliable reading, the boat should dry out in the yard for a few days.
Judging from one point only: a moisture map tells its story in patterns; a local high reading around a fitting is a different issue from widespread high readings across the entire hull.
Treating the meter as absolute: different meters read on different scales; interpretation should be based not on an 'internet chart', but on comparisons made with the same meter on the same boat.
The two right times are when buying a boat - in the yard, on a dry hull, with the surveyor - and when hull blisters appear, where calm assessment matters more than panic. For your own boat, the smart investment is to keep a short series of readings from the same points at each haul-out; year-on-year change gives clarity that a single reading can never provide.