Insure your boat
Boat and Yacht Comprehensive Insurance
Scope of Coverage:
- Full Comprehensive (covers partial and total losses)
- Total Loss Only (covers total losses such as: sinking without possibility of recovery, destruction or disappearance of the vessel, when the costs of salvage or repairs exceed the value of the vessel)
Insured risks and damages:
- Maritime or traffic accident
- Natural disaster
- Lightning strike
- Sinking
- Capsize
- Strike of grounding
- Fire and explosion
- Burglary
- Theft of the entire vessel
- Collision or impact with any solid or floating object
- Malic actions of third parties
- Earthquake
- Volcanic eruption
Additional insurance for boat and yacht hull insurance:
- Land transport insurance for vessels
- Insurance for vessels during chartering
- Insurance against fraud or evasion risks during chartering
- Insurance against loss of income during chartering
- Insurance against seizure of vessels during chartering
Additional marine insurance
Compulsory liability insurance for boats and yachts
In accordance with legal provisions, this insurance is mandatory for owners of boats or yachts with propulsion engines exceeding 15 kW, which must be registered in the boat or yacht register according to regulations.
Compulsory insurance provides compensation for damages suffered by third parties due to bodily injury, impairment of health or death (non-material damage).
Voluntary liability insurance for boat or yacht owners
The insurance covers the legal non-contractual liability of the vessel owner arising from:
- liability for damage due to collision
- liability for damage due to impact
- liability for damage due to oil pollution
- liability for damage to bathers
- liability for damage to passengers
- and the costs of removing the wreck
Compulsory insurance of passengers in public transport against the consequences of an accident (accident)
Compulsory passenger insurance in public transport is required to be taken out by owners of vessels registered for the commercial activity of passenger transport (including rental-charter). This insurance is valid during the stay on the vessel at sea, at the dock or in the immediate vicinity of the vessel when boarding or after disembarking.
Voluntary insurance of persons against the consequences of an accident (accident)
This insurance can be taken out by vessel owners for all persons on board the vessel (boatmaster, crew members and passengers).
Insurance of ships under construction
The term ship under construction refers to the construction of a ship from the moment of laying the keel or similar procedure to the moment of delivery to the buyer or client..