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PERSONAL YACHTS / SAIL INSURANCE

Protects your cargo at Sea, Over land or in the Air. It provides all risks protection for your cargo in transit from accidental and unforeseen circumstances.

Key Benefits Extra cover:

  • Damage due to Faulty packing 
  • Urgent replacement of goods by air freight even if originally imported by sea 
  • Payment in full for goods with sensitive brands even if cargo only partially damaged 
  • General Average and Salvage claims paid in full irrespective of insured value. 
  • Removal of debris in the event authorities charge owners of goods for cleaning up operation 
  • Others

Additional products For special cargo insurance requirements beyond the ordinary transit cover.

Stock throughput
Customers who import, store and redistribute cargo can benefit from an extended insurance protection for goods from origin all the way to final destination under a seamless cover.

Contingency risks
Every importer or exporter is exposed to the risk of their trading partner not fulfilling responsibilities under an agreed contract of sale.  

Exhibition risks
Customers displaying goods at trade fairs, shows or exhibitions can extend their insurance to cover transit to and from the exhibition sites and whilst on exhibition, including cover for stands, fixtures and fittings owned by the customer, unpacking, assembly, dismantling and repacking.

War on land
The Institute War Clause offers coverage for war risks only whilst cargo is sea-borne or air-borne. War on land extension is an option to cover war risks whilst the cargo is moved overland. This is especially significant for movements to war-zones and can be applied for on a case by case basis.

Project cargo
Delay in Start Up (DSU) - for customers starting new projects.

Business plans can be disrupted when critical items do not arrive on time. Holdups will bring about delay in completion of a project and consequently a loss of anticipated profits.
DSU is the solution that can protect profits if such critical items are lost or damaged in transit. This cover is offered in conjunction with marine insurance for the movement of the project cargo.

DISCLAIMER

The above is a brief information of the covers available under the Policy. Please request for a copy of the Insurer's Terms and conditions of the policy which shall be binding and considered as final basis for settlement of any dispute.