Features: Covering Hull, Machinery and Third Party Collision Liability in respect of pleasure boats, yachts and ocean going vessels. The Policy can be extended to cover P & I (Protection & Indemnity) for the classed, maintained vessel
Benefits: The policy provides indemnity against loss or damage to the subject matter insured caused by maritime perils and liability as per cover provided.
Premium is calculated as a percentage of the agreed value to the subject matter insured. Rate varies according to type, age, value and usage of the vessel.