This insurance is designed to cover various types of motor boats, ferry boats and other similar vessels against loss, damage, liability or expenses arising from marine whilst being used in connection with the insured’s business operation, social or pleasure and hire or charter whilst being used to carry goods belonging to others.
Protection and indemnity cover is also available for up to the sum insured on each of the vessels.
- Type, dimension, age and value of vessels
- Purpose or use
- Type of covers and extent of protection and indemnity cover required.