Pleasure craft and small boat insurance
Pleasure craft and small boat insurance is intended for owners of smaller boats, whether the boat is used for commercial purposes or leisure. It consists of two types of insurance. Hull insurance, which compensates for specified loss or damage to the boat, and liability insurance, which compensates for loss or damage suffered by a third party.
If the owner of a boat only wishes to insure it against total loss, it is possible to choose total loss insurance for boats and vessels instead of the pleasure craft and small boat insurance.
Pleasure craft and small boat insurance is intended for owners of smaller boats, whether the boat is used for commercial purposes or leisure. It consists of two types of insurance. Hull insurance, which compensates for specified loss or damage to the boat, and liability insurance, which compensates for loss or damage suffered by a third party.
If the owner of a boat only wishes to insure it against total loss, it is possible to choose total loss insurance for boats and vessels instead of the pleasure craft and small boat insurance.
The insurance covers
Hull Insurance
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Damage caused by fire, lightning or explosion.
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Damage due to grounding, striking or collision with another floating vessel.
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Damage due to storm, heavy seas, earthquake, volcanic eruption, landslide or avalanche.
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Damage due to burglary, theft or vandalism.
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Total loss if the boat is lost or goes missing and has not been found within three months.
Liability insurance
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Direct bodily injury or property damage to a third party arising from the policyholder's liability for loss or damage caused by the boat in a collision, or resulting from errors in its operation.
The insurance does not cover
Hull insurance
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Damage due to defects in materials or workmanship.
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Damage resulting from inadequate maintenance, rot, corrosion or wear and tear.
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Damage attributable to design defects.
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Indirect loss, such as loss of catch and costs resulting from delay.
Liability insurance
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Claims for compensation from employees of the owner or operator of the vessel, or from owners of catch or other goods carried on board.
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Fines and other criminal sanctions.
Please note that the information about the insurance is not exhaustive. More detailed information can be found in the insurance terms.
In case of a discrepancy between this information and the insurance terms, the insurance terms apply.
Total loss insurance for boats and vessels
Insurance terms and other information
The insurance terms is your contract with VÍS. It is important to thoroughly read the terms and understand what is covered and what is not, before purchasing the insurance.