Page Banner: 
  • Yacht

    X

    Yacht (Pleasure Boat) Insurance

    This provides indemnity to the owners and/or charterers of a ship / vessel, against loss or damage to the subject matter of insurance (i.e. the ship / vessel) as a result of maritime perils.

    Features

    • Coverage available for a wide range of risks, including brown water vessels.
    • Flexible programs, tailored for client needs.
    • Covers negligence of masters, officers, crew or pilots( though they are not to be considered as owners).
    • Covers protection and indemnity
    • It provides cover for both the vessel and Machinery.
    • It cover Insured liabilities to third parties

    Benefits

    • Covers loss or damage due to perils of the seas, rivers, lakes or other navigable waters.
    • Covers fire and explosion (including lightning for Institute Time Clauses Hulls)
    • Covers violent theft by persons from outside the vessels
    • Covers accident in loading, discharging or shifting cargo or fuel.
    • Underwriting, claims, recovery, loss control and risk management services provided by marine specialists.
    • It could be on New for Old arrangement.

    Claims documentation requirements

    • Repair estimate from a certified mechanic.
    • Clear photographs of the damaged vehicle
    • Police report in the event of injury or death of a third party

    Documentation

    • Completed proposal form
    • Certificate of incorporation
    • Certificate of seaworthiness
    • Most recent survey report