Introduction
Your safety is of primary importance to you. But even if you know everything about your yacht, you cannot always predict the dangers that may threaten both you as the owner and the yacht.
What is covered
This is a comprehensive yacht owner insurance plan. Cover is provided for your vessel when it is at sea or decommissioned out of active service, as well as your legal liability to third parties that may arise from the use of the vessel.
The contract is addressed to
Yacht owners.
Covers
The policy covers the loss or damage to pleasure craft, hull, engines and fittings while in service at sea or decommissioned out of active service or during maintenance, consequent upon the perils insured below (as per the Institute Yacht Clauses 1/11/85):
Marine perils (e.g. impact, collision, grounding, sinking, bad weather conditions)
Fire
Piracy
Collision with wharf or other facilities in the port
Aircraft crash
Earthquake, volcanic eruption
Lightning
Accidental damage during loading/unloading
Explosion
Malicious damage
Theft
Salvage expenses
Additional Covers
In addition, the option to add even more insurance coverage at an additional premium is offered
Civil Liability Insurance arising in relation to the ownership and use of the vessel
Liability to and towards skiers
Coverage for damage to the vessel during domestic transportation
Personal belongings coverage
Outboard motor falling from the boat
Trailer coverage
War, strike, disturbance, political unrest
Clarification
The above information may vary from one Insurance Company to another. Depending on the insurance policy that will be proposed to you, you will get all the relevant information you need, so that you can decide on your own choice. Request our offer today. Based on your own insurable needs and budget, we will choose the right covers for you.