Yacht Insurance

KIA’s policies normally run for a period of twelve months. If your vessel was professionally built and properly maintained the policy covers you, your vessel and your passengers for loss or damage arising from

  • external accident
  •  grounding
  •  accidental sudden water incursion
  •  accidental or malicious removal or damage to gear attached to your vessel
  •  theft and malicious damage
  •  fire

WHEN

  •  you are using the vessel for the purposes and in the waters as shown in your certificate
  •  the vessel is afloat at moorings as shown in your certificate
  •  the vessel is ashore for storage or maintenance as shown in your certificate
  •  the vessel is laid-up as shown in your certificate

 

The policy will normally cover you (unless otherwise specified) for salvage or wreck recovery costs and the related legal costs.
Yacht InsuranceIt will also cover you for personal accident to the owner or passengers up to the value shown in your certificate. (This cover only exists when you have requested it and we have arranged it). The policy will normally cover you (unless otherwise specified) for claims made against you by passengers or other third parties up to the value shown in your certificate.

KIA’s policy covers personal effects on your vessel to a value shown in your certificate. No single item valued in excess of US $ 2500 is covered unless you have shown it separately.
The policy is normally subject to a Deductible in each section – that is to say the first amount of any loss which we have agreed with you we will deduct when we pay your claim.
These Deductibles are shown in your certificate. In the event of a total loss, we will not apply a Deductible, and when a claim affects more than one section only one Deductible being the highest will be applied.

 

 

 

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