subject: Yacht and Pleasure Craft Insurance in Dubai [print this page] Yacht and Pleasure Craft Insurance in Dubai
A leisure ride on your yacht should be pleasurable, devoid of all the worries in the world. So planning ahead to ensure the weather readings, supplies, sailing routes and safety options are in place is important. Nevertheless, unexpected events can disrupt your perfectly planned cruise or fishing trip. To counter the effects of unforeseen circumstances, you need to purchase a good insurance cover for your yacht. This will ensure you are also covered against more severe eventualities such as accidental damage to the boat engine, loss of possessions and third party injury or damage.
What can be covered?
In Dubai, yachts not older than seven years can be insured at standard rates and these differ depending on the covers that you choose. Insurers usually prefer to cover yachts for private use and may ask for a proof of your sailing experience as well.
Yachts are insured based on their speed in Dubai. If your yacht has a top speed that falls within the maximum limit of a standard policy, you can purchase a value-for-money comprehensive cover for the loss or damage to the vessel. If your yacht is more powerful, you will need to consult a marine insurance specialist for advice.
There are covers available for damage or loss of yachts whist mooring on land and in transit, damage by collision with other crafts and damage or loss of trailers and machinery, engines and other accessories on land. Speak to your insurer on what best fits your need.
What should I cover?
Comprehensive and third party liability insurance protection is recommended against loss of life or personal injury to third party and onboard passengers.
What to look out for?
Most yacht and pleasure craft insurances in Dubai are restricted to the UAE coast but some may offer cover for the Omani coast. Water-skiing and yacht racing are generally excluded from the policy cover and some personal items such as cash or clothing may also not be covered.
Choose a Dubai insurance company that is of international repute and recognised expertise. As with all insurances, ensure you understand all exclusions before you sign up.
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