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Yacht & Speed Boat
Yacht & Speed Boat have special characteristics i.e. her size and GRT are relatively small, made of fibreglass and speed not exceeding 17 knots, and navigation area in coastal waters not exceeding 30 miles from sea shore. Yacht and Speed Boat usually use for leisure or for crew transportation, Yacht is also called Pleasure Craft.
Yacht Insurance
Yacht & Speed Boat Insurance usualy uses “Institute Yacht Clause” wordings by some may use “Yacht Insurance” tailor made wordings
Yacht Insurance has 4 sections:
1. Hull & Machinery
2. Third Party Liability
3. Personal Accident for Crews and Passengers
4. Personal Effects
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