If your boat is lost in accident, you are only out of pocket for the value or cost of the boat and its equipment if you are uninsured. But if you damage another vessel or property, or someone is injured, you may find yourself responsible for many thousands of dollars more than the value of the boat. This policy covers loss of or damage to the vessel caused by fire, external accidental means, theft of the entire vessel or outboard motors. In addition the policy also covers legal liability to passengers and other third parties for property damage or personal injury or death. Cover can also be provided for loss or damage to cargo while being carried on a ship.
Call us today to learn how we can help you secure Marine Insurance Cover.