MD Yacht Insurance Service
Marine insurance is a complex service that needs to be done right. That's why we recommend only the best insurance agencies to yacht owners; We constantly work on risk coverage, insurer reputation and claims management competence to keep our knowledge at the highest level. Working closely with various providers, we offer you the best possible value for insurance policies services perfectly tailored to your yacht and crew. Discover our yacht insurance services here.
What is Boat Insurance?
Boat insurance, also known as yacht insurance, is a policy that provides financial assurance against risks that may occur at sea or damage that may occur in mooring areas on land. It provides assurance against damage to the boat at sea and on land.
Possible risks that the boat and yacht may encounter are covered within the scope of the internationally valid Institute Clauses and general conditions of boat insurance. With boat insurance, all parts of your boat, from the equipment to the hull and hull, are covered by the policy.
According to the general conditions of boat/yacht insurance, the insurance guarantees are :
- Crash, Sea, Storm, Grounding..
- Earthquake, explosion, volcanic eruption, fire..
- lightning strike
debris removal.. - Contact with aircraft
Theft of machinery or equipment by force.. - Malicious actions..
- Theft of the boat’s outboard and water motor..
- Explosions caused by hidden defects in the hull and machinery..
- Theft of the yacht or its service boats..
- Loss of life and property of third parties as a result of an accident caused by the yacht.
Are Small Boats Attached to the Boat Covered by the Policy?
Service boats bearing the same name as the boat are also covered by the policy. In other words, in order to benefit from this guarantee, the name of the boat must be written on the service boat.
Does Yacht/Boat Insurance Provide Coverage During Renovation?
Routine maintenance at the marina or shipyard is covered by the policy, but if you are going to undergo major renovations on your boat, you must first get approval from the insurance company.
Is Yacht – Boat Insurance Valid Abroad?
For example, “I am going to the Greek islands with my boat, I wonder if my insurance is valid there as well?” you may be wondering. Boat insurance is valid only in the geographies where the boat can sail. The “Navigational Area” mentioned in the policy refers to the region where the insurance is valid. In other cases, you must get approval from the insurance company.
Are Electronic Devices on the Boat Covered by Insurance?
In boat insurance, all equipment and fittings that make up the boat are considered a part of the boat, therefore the insurance provides coverage against the risks specified in the relevant Institute Yacht Insurance clause. However, the device may malfunction without any of these risks occurring. In such a case, unless there is a contrary statement in the contract, the malfunction will not be covered by the warranty.
Does Boat Insurance Cover Fire During Fuel Filling?
Yes, your boat insurance policy covers any damage that may occur to the boat while fueling.
Does Insurance Provide Security If the Boat is Rented?
The insurance company makes an evaluation by taking into account the purpose of renting the boat and whether the person renting the ship is the captain. If the insurance company does not see a possible risk in renting the boat, it continues to provide coverage under the policy.
Does Boat Insurance Provide Security for Guests?
If there is liability coverage against third parties within the scope of insurance, material and physical damage of the guests are covered within the limits specified in the policy.
Does Boat Insurance Cover the Damage the Boat Causes to the Environment?
Environmental pollution is not one of the main coverages of boat insurance, but if you wish, you can have environmental pollution covered by the policy by paying an additional premium after consulting with your insurance company.
You can expand the coverage of your boat/yacht insurance by paying an extra premium.
We can list boat/yacht insurance additional coverage as follows…
Tekne/yat sigortası ek teminatlarını şu şekilde sıralayabiliriz.
- War, strikes, civil unrest and unrest..
- fishing equipment..
- Towing-rescue related equipment..
- Guarantees regarding environmental pollution..
- personal accident..
- Legal protection (you can get information about legal protection insurance.)..
- Personal goods..
- Machinery damages expansion clause..
- Uninsured boat coverage
Our Tags For Insurance
Yacht Insurance, Boat Insurance, MD Yacht Insurance Services, Insurance, Insurance Coverages