Yacht Insurance Coverage – Comprehensive Protection at Sea

Insurance coverage remains uninterrupted while the yacht is at sea, moored, in a boatyard, or during loading and unloading, provided that the yacht is within the geographical area specified in the policy.

Primary Risks Covered

This policy provides coverage for the following risks:

• All marine accidents and hazards, including collision, stranding, capsizing, and storm damage.
• Fire, lightning, and explosions.
• Earthquakes and volcanic eruptions.
• Piracy.
• Damage due to contact with aircraft.
• Theft, including the theft of the yacht, service boats, machinery, or equipment by force.
• Third-Party Liability, covering loss of life and property damage caused by the yacht (limited to the insured boat value).
• Wreck removal costs (limited to the insured boat value).
• Malicious acts, including those involving the captain or crew.

Additional Coverage Options: War, strike, riots, and civil disturbances can be included with an additional premium.

Third-Party Liability Coverage

This policy also provides liability coverage for damages to third parties, including:

• Damage to other boats or property caused by the yacht in a collision.
• Damages to fixed or movable structures, including harbors, docks, piers, lighthouses, and telephone or telegraph cables.
• Loss of life, injuries, and life-saving expenses occurring on the insured yacht or another boat.
• Wreck removal costs included in yacht policies with broad coverage.

Exclusions – Risks Not Covered by the Policy

The following risks are not covered under this policy:

• Service boats that do not carry the yacht’s registered name or marking.
• Personal belongings, fuel, provisions, fishing gear, and mooring equipment.
• Falling of outboard motors.
• Expenses or losses incurred for design modifications, repairs, or improvements.
• Nuclear risks.
• War, strikes, riots, terrorism, unless specifically included under additional coverage.
• Towing risks, unless necessary for assistance, towing the yacht or towing another boat is not covered.
• Liabilities arising from water sports or similar activities, unless separately specified in the policy.