Car/Truck
Business
Home
Life
Boat
Off Road
Rental
Travel
You are insured against "All Risks" of Direct Physical Loss or Damage to the property from any External Cause (including loss or damage to machinery whether proximately caused by maritime perils or not), subject to the warranties, exclusions and conditions of this policy.
You are insured against "All Risks" of Direct Physical Loss or Damage to the property from any External Cause (including loss or damage to machinery whether proximately caused by maritime perils or not), subject to the warranties, exclusions and conditions of this policy.
In a total loss of vessel we will pay the full value amount insured if:
We cover equipment, electronic equipment and personal effects up to $5,000.
If You are legally obligated to remove or otherwise dispose of the wreck of the Insured Vessel, we will pay the amount necessary to actually remove or otherwise dispose of the wreck, or the amount incurred following a failed attempt to raise the wreck of the Insured Vessel.
This covers costs incurred by You should the Insured Vessel become disabled for any reason other than loss or damage covered by this policy. We will pay for the reasonable cost, up to a maximum of $2,500, for:
The amount of each adjusted claim will be automatically reduced by the deductible amount shown on the Declaration Page(s) for personal effects and electronic equipment. If no deductible is
shown for personal effects or electronic equipment, the Insured Vessel deductible will be applied.
Freezing damage is covered only if you have taken reasonable precautions
to protect the Insured Vessel during the following period of December 1st to April 1st (12:01 a.m.).
We will pay compensatory damages for Bodily Injury or Property Damage for which an Insured person becomes legally liable because of the ownership, maintenance or use of the Insured Vessel.
We will pay for Bodily Injury sustained by You or any Insured as a result of an accident with a third party's underinsured vessel, or with an Uninsured Vessel.
We will only pay for the damages for which You or an Insured are legally entitled to recover from the owner or operator of such a vessel after a judgment of a court of competent jurisdiction is obtained. We are only liable for the difference between the limits payable under the third party’s liability insurance, if any, and the limits of liability stated within this Coverage.
We do not provide underinsured or Uninsured Vessel Coverage for Bodily Injury:
Should the Insured Vessel be lost or damaged by an insured peril and it is necessary for You to rent a replacement vessel while the Insured Vessel is being replaced or repaired, we will reimburse You for that rental cost subject to the limits stated below.
If while holidaying, the Insured Vessel is lost or damaged by an insured peril and it is necessary for You to incur additional living expenses while the Insured Vessel is being replaced or repaired, we will pay any reasonable increase in costs, subject to limits stated below.
We will not pay more than $500 in total per day, subject to a limit of $5,000 per loss.
© 2024 Wyatt Dowling Insurance Brokers. All Rights Reserved. Wyatt Dowling is a division of Western Financial Group
Call Us
Call us today
Send us an email