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Excursion Boats Insurance

The body, machinery, boat services carrying her name, and customary hardware and equipment of the yacht are covered with only one policy under Institute Yacht Clauses 1.11.82 Cl.328.

As long as yacht is within the scope of cover stated in the policy, it is uninterruptedly covered at sea, at laying site, at boat yard, and while being taken to/from boat yard.

The main scope of coverage:

All accidents and perils of the sea (crash, collision, grounding, capsizing, storm)

Fire, lightning, explosion

Earthquake, volcanic eruption

Piracy

Physical contact with air vehicles

Theft of yacht or boat services

Theft of machinery or equipment by force

Loss of life and property of third parties resulted by an accident caused by the yacht. (Limited by the boat's insurance amount)

Debris removal costs (Limited by the boat's insurance amount)

Malevolent actions (Including the barratry of captain and crew)

The claims of war, strike, riot, civil commotions may be added to the policy in return for additional premium.

Liabilities against third parties are also covered with the yacht insurance:

The loss or damage to the vessel it collides or to the goods on it

The damage that yacht does to other stable and mobile objects such as port, dock, pier, lighthouse, and telephone and telegraph cables

Loss of life, injuries and life-saving costs on yacht or another boat

Debris removal costs are covered by the yacht policy with extensive coverage

Risks outside the scope of coverage:

Boat services not carrying the name or sign of the yacht

Personal belongings, fuel oil, victuals, fishing tool sets, anchorage equipment

Outboard motors' falling

Correcting the faults in design or construction or the costs of changing design or construction

Nuclear risks

War and similar risks, strike-lockout, civil commotions, terror (they can be covered with counter contract and additional premium)

Towing yacht outside the routine or in need of help or making a contract requiring it to tow, rescue and help another boat

Using yacht as a sea house without the consent of the Insurer or exposing yacht to a radical modification or reparation

Liabilities caused by using yacht as a source of water skiing and similar water sports unless stated otherwise