The complete protection of your crafts is our top priority and for this we have created a comprehensive Leisure Crafts Insurance program that protects you and your craft from any risks.
This insurance is designed based on the London Institute Yacht Clauses, with additional extensions that provide flexibility and complete coverage of your craft
Option to increase the liability limit against third party
It covers loss or damage to a yacht, hull, machinery and components while in sea or disarmed outside of active service or during maintenance, as a result of the following insured risks (according to the Institute Yacht Clauses 1/11/ 85):
It also covers your legal liability for the compensation to third parties who may have suffered damage or injury as a result or related to your craft.
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The deductible amount is the amount or percentage that is not covered and/or deducted from the amount for each damage separately. Maximum coverage limitations either in amount or in percentage may be applied to specific coverage in your Insurance policy, a detailed list of restrictions is available in the Insurance policy.
It covers loss or damage to a yacht, hull, machinery and components while in sea or disarmed outside of active service or during maintenance, as a result of the following insured risks (according to the Institute Yacht Clauses 1/11/ 85):
In addition, there is an option to add insurance coverage with an additional premium:
Within the territorial waters controlled by the Republic of Cyprus, unless otherwise specified in your Insurance Policy.
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