This insurance covers loss or damages occurred on the vessel under the standard clauses listed below.

What is covered

- Perils of the sea rivers lakes or other navigable waters
- Fire  
- Jettison  
- Piracy  
- Contact with dock of harbor equipment or installation, land conveyance, aircraft or similar object or objects falling there from  
- Earthquake volcanic eruption or lightening  
- Accidents in loading, discharging, or moving stores, gear, equipment, machinery or fuel  
- Theft of the entire vessel or her boas, or outboard motors provided it is securely locked to the vessel or her boats by an anti theft device in addition to its normal method of attachment  
- Latent defects in hull or machinery, breakage of shafts or bursting of boilers  
- The expenses of sighting the bottom after stranding even if no damage is found  

These descriptions of coverage are abbreviated and are subject to the terms, conditions and exclusions of the actual policy, which forms the contract between the insured and the insurance company.

Why is it Important?

Affinity applications in insurance not only enhance customer service but also offer several advantages to companies:

  • Customer Loyalty: Affinity programs can increase customer loyalty by better addressing the needs of the target audience.
  • Specialized Insurance Products: Affinity applications provide a better customer experience by offering specially designed insurance products.
  • Collaboration Opportunities: Companies can expand their markets by collaborating with other institutions.
  • Digital Transformation: Technology and data analytics can make affinity applications more effective.

In conclusion, affinity applications in insurance are a means of providing better service to customers and attracting new ones for businesses. These programs reflect industry advancements by focusing on specially designed insurance products and customer needs.

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Yacht Insurance

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Yacht Insurance

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