When an accident happens, call First Response immediately. Our expert personnel will start settling your claim at the scene.
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Our yacht and pleasure craft policies are designed to suit the needs of the local sailing community, offering comprehensive and flexible cover for sailing at a very competitive price. Take to the seas safe in the knowledge that you’re protected by the very best.
Loss of, or damage to, the hull, machinery, boats, gear and equipment, such as would normally be sold with her if she changed ownership.
Your legal liability to third parties (including passengers) by reason of your interest in the insured vessel in respect of:
Navigation by other people
We have access to providers worldwide through our Third Party Administrators,
including but not limited to the following:
You are not legally required to insure your boat. However, if you are financing the purchase of your boat, the lender will most often require insurance coverage listing them as a loss payee to cover their interest in your boat. Some marinas may ask you to provide some proof that your boat is insured when mooring it at their marina.
There are two important covers to consider when insuring your boat. They are, Hull & Machinery (your boat and attached equipment) and Liability.
You should insure your boat (hull & machinery) to the current market value. This will ensure that in the event of a total loss to your boat, you will recover what the boat is worth.
Liability coverage protects you if you are at fault for property damage and bodily injury claims to third parties or passengers in your boat . The coverage has three key components. It will investigate your loss, defend you if you are not at fault and pay up to the policy limit if you are at fault.
This will generally depend on the answers to the questions asked in the proposal form but it will be especially related to the following:
Boat surveys provide details on the condition and valuation of a boat. A survey may uncover hidden defects, mechanical and structural problems that are not always visible or detectable by the boat owner/operator. Before purchasing an older boat, you should always get a boat survey. We do not actually require a survey for a brand new vessel, although it would be very useful. We require a survey for other vessels.
No, for liability cover to apply we must insure the vessel also.
Yes, but with an additional premium.
Yes, for loss of, or damage to, the vessel there is an excess but it depends on the age of the vessel’s hull. There is no excess under the Liability sections.
We also can allow a discount if you hold a Yacht Master’s certificate.
Yes, we have a No-Claim Discount scale that can apply.
Unless we specifically agree, the policy does not cover this
Damage to the vessel while in transit by land, other than incidental to launching or hauling up, can be covered with an additional premium.
Yes, but with an additional premium.
Possibly. If so, then we will require an additional premium and possibly additional terms/excesses.
We can provide insurance products for homes, automobiles, boats, aircraft and more. We are also able to cover your business with standard and specialty coverage solutions such Business Interruption, Professional Indemnity or Bonds.
