Professional Indemnity Insurance in Sharjah, Dubai and Abu Dhabi

Home البحري Yachts And Pleasure Crafts

Coverage is available for Yachts and Pleasure crafts, built by professional manufacturers that operate in the coastal waters of U.A.E, Arabian Gulf and Gulf of Oman. These are vessels primarily used for pleasure purposes.

Who is a potential Boat and Yacht (H&M) Insurance customer?

Any person who owns a boat or yacht and intends to operate it for pleasure purposes.

Policy / Form Highlights

The insurance coverage can be provided on an Agreed Value or on a Current Market Value basis as required. The Policy is written in a ‘plain language’ style, which is far easier to understand than the traditional marine insurance policy and avoids technical jargon as much as possible. Cover is subject to Institute Yacht Clauses and various policy wordings.

Standard form includes:

Physical damage to the boat’s hull, machinery and installed equipment including outboard motors if specifically declared and agreed by the underwriters

Sue and labour expenses (expenses to avert or minimize a loss)

Salvage costs

Collision Liability

Liability to third parties arising out of ownership or use of the vessel

Removal of wreck expenses, where such removal is required by a Government Authority

Primary Personal Effects

Extension of cover includes:

Loss or damage to personal effects up to a specified limit

Loss or damage to a road trailer

Uninsured boaters

Liability towards passengers normally included in the Third Party Coverage subject to a limit to be agreed.

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