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The policy provides cover for loss or damage to the vessel and equipment as described in the schedule caused by external accidental means including but not limited to:
- Theft
- Stress of Weather
- Stranding or Sinking
- Collision or Contact
- Fire or Lightning
- Explosion
- Bursting of Boilers
- Malicious acts or vandalism
- Accidents in loading or unloading
- Transit by road or ferry in Malta
- Loss or damage to outboard motors through dropping off or falling overboard
Additional Benefits included in the Cover:
Sighting Costs of inspecting the underwater part of the hull of the insured vessel after a stranding even if there is no damage.
Fire Extinguishing Appliances and Safety Flares - the cost of replenishing fire fighting appliances and safety flares following a fire on board the insured vessel.
Emergency and Salvage Charges reasonably and necessarily incurred, up to the sum insured, in the safeguarding and/or recovery of the vessel where the expenses are designed to minimize a loss covered by the policy.
Legal Costs you have incurred with the written consent of GasanMamo Insurance Limited.
Personal Accident Cover for you and your immediate family against bodily injury or death caused by violent, accidental, external and visible means sustained during the period of insurance whilst embarking, disembarking or whilst on board the vessel.
We also offer:
- A No Claims Bonus scale up to a maximum discount of 25%
- Free Water Skiing Extension
- Free Italian Waters Certificate with increased limit of indemnity as per Italian statutory requirements.
- Optional Racing Risks extension
- Efficient Claims Service and immediate assistance by our appointed consultants in the time were you need us most.
