Clarifying the cover – What does that mean?
Atout Yacht is an All Risk cover in respect of your pleasure yacht of any type or size, within the Lebanese waters only (extensions agreed on case-by-case basis).
The cover includes vessel, machinery, gear, equipment such as would normally be sold with the yacht.
Insured perils are as per Clause 9 of the Institute Yacht Clause 328 dated 1/11/85 including but not limited to perils of the seas, fire, jettison, piracy, earthquake, volcanic eruption, lightning and theft.
This Policy covers also Third Party Liability including Passenger Liabilities &/or Liabilities to/or from water skiers up to a limit not exceeding the yacht value.
Deductible
1% of yacht value each and every loss.
Common Exclusions*
- Liabilities arising out of poisoning and or due to Food / Beverage / Drink served on board.
- Liabilities arising out of diving activities.
- Hire &/or Charter vessel.
- Race activities & racing sailboats.
*Please refer to the General Conditions for full list of exclusions.
