Yacht insurance

The subject insured is vessel hull and its liability. The insurance mainly covers loss or damage of the hull (the hull and machinery)caused by disasters and personal injury or property loss, passengers or the third party caused by accidents whilst engaging yacht activities. Considering of the high value and high risks of yacht, we absorb in and adopt “Institute Yacht Clauses 1/11/85” which is especially designed to ensure yacht’s risk and better to meet the needs of yacht’s actual risks as well as vindicate the benefits of the owner of the yacht in the meantime.