February 14, 2017

TERRITORIAL COVERAGE OF A BOAT INSURANCE CONTRACT

You plan to escape in the next nautical season. Certainly a navigation towards the Caribbean . Before you leave, you’ll have to plan everything to make sure your vacation will go smoothly.
To do this, you must first go through the insurance box and adapt your contract for the occasion. Indeed, all insurance contracts have territorial limits .


The question then is:

Will my boat insurance cover me adequately on this trip?


It all depends on where you plan to sail. You probably already have a All Risks warranty. The latter is the most common coverage in the field of boat insurance. However, this formula covers only the navigation between 40th , New York Harbor and 52th James . So if you have to navigate beyond these limits you need to tailor your insurance policy in order to be covered in the areas where you want to go.

In addition, make sure to adjust your coverage to Liability In a marina. Note that many marinas have regulations requiring Liability coverage of 1 M $ .o.

The insurer APRIL Marine has developed a specific destination South insurance coverage, « MERIDIEM »

This product specially designed for departures to the South offers:

  • Multiple possibilities to extend the navigation area: Florida , Bahamas , Caribbean , Caribbean Bermuda ;
  • shell and equipment
  • A Liability of 2 million;
  • Covered boat south of 40th to 10th parallel .

All you have to do is contact your insurance broker to adjust your policy. He will certainly be delighted to accompany you on this journey.

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