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Pleasure Craft / Yacht Insurance

Is a very important for people who own a yacht. It is a safety net for the yacht owner in case of accidents, liability, damage to the yacht, especially in the case of luxury yachts; yacht insurance becomes very essential, since the yachts themselves are expensive.Aman provides coverage for Pleasure Craft Yacht built by professional manufacturers that operate in the coastal waters of U.A.E, Arabian Gulf and Gulf of Oman and used for pleasure purposes.

Policy Features

  • The insurance coverage can be provided on an Agreed Value or on a Current Market Value basis as required.
  • Cover is subject to Institute Yacht Clauses

Standard Cover

  • 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
  • Liability towards passengers which is included in the Third Party Coverage

NB:- The above details are for the brief illustration only. For full information on terms and conditions of insurance, please refer to the policy wording or contact with our technical team by email info@aman.ae

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