Yachts and boats are expensive assets that need to be adequately insured, just like any other mode of transportation does. Whether it’s a superyacht, sailing boat or a smaller speed boat, if you are lucky enough to own one, make sure you enjoy every minute on it, sailing, fishing or having a party with your friends, by obtaining the right Insurance coverage.
Truth be told, given the unpredictability of the seas, pleasure crafts are subject to a range of damage and liability risks which can amount to a substantial financial loss.
At Edge, we can tailor a best fit yacht insurance policy once we understand more about the type of boat that you’re looking to insure, by trolling the insurance market for the best insurance options offering comprehensive coverage and the most competitive pricing.
What is Yacht Insurance?
Yacht Insurance covers Hull & Machinery, Collision and Legal Liabilities. The comprehensive cover option responds to accidental loss or damage to your boat and protects your liabilities towards third parties. This should include the hull, machinery and outboard motors.
A Third Party Liability only cover can also be provided, which will cover your liability towards third parties – including guests onboard your boat.
There is no cover for your own boat under this option. Both options can be customized with specific extensions to broaden the coverage.
Your boat, its machinery, equipment and trailer are covered against loss or damage caused by an insured peril or theft whether at sea, moored, kept on land or whilst in transit.
Offers protection for your legal liability in the event of accidental loss of life or injury caused to others (include the guests on board your boat) and/or damage to third party property (including wreck removal).
Your personal belongings are covered against loss or damage when following forcible or violent entry into the vessel.
Offers coverage to you, your spouse and children in the event of accidental physical injury sustained from the use of the vessel resulting in, death or disappearance at sea, permanent disability or related medical expenses.
Pays for bodily injury to persons aboard the insured watercraft caused by an uninsured (or unknown) owner or operator of another vessel.
When you are doing watersports, cover can be provided for your legal liability to or from water skiers.
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Edge Insurance Brokers is an independent insurance brokerage created to be one with a difference that will afford clients with added value in return for their confidence and long-term allegiance. Our expertise in every facet of risk and across different industries help our clients foresee, quantify, and better comprehend the range of risks they may face.
Head Office
Office no. 704, 7th Floor, Al Naeem Tower II, Al Jezaa St., Al Nakheel, Ras Al Khaimah
Sun to Thurs (8am-5pm)
+971 7 244 4458
info@edgeinsbrokers.com
