If you are the owner of a leisure boat, this Insurance policy applies for you. It is a comprehensive program designed to protect your boat from any risks, providing coverage to the boat in and/or out at sea.
Basic Coverage
The basic coverage of the Insurance Policy includes:
- Loss or Damage to pleasure craft, hull, engines, and fittings while in service at sea or decommissioned out of service or during maintenance, consequent upon the perils insured below (in accordance with Institute Yacht Clauses 1/11/ 85):
- Maritime risks (impact, collision, grounding, sinking, bad weather conditions).
- Fire, piracy, collision with wharf or other port facilities, aircraft crash, earthquake, volcanic eruption, lightning, accidental damage during loading/unloading, explosion, malicious damage, theft, salvage costs.
Optional coverages:
- Liability insurance arising in relation to the ownership and use of the boat.
- Liability to water skiers.
- Cover for damage to the vessel during domestic transport.
- Personal Items Coverage.
- Outboard motor falling from the boat.
- Trailer coverage.
- War, strike, disturbance, political unrest.
Exceptions:
The Policy is subject to exclusions, some of which are:
- War risks.
- Terrorist acts.
- Nuclear radiation, environmental pollution.
- Consumables, ropes, personal items.
- Participation in competitions.
