AIU Holdings’ Global Marine and Energy Division has introduced new coverages for yachts valued at over $2 million.
The additional suite of solutions is available to boat and yacht owners, crews, passengers and vessels. They include personal concierge services, worldwide travel assistance/reservations, marina services, and emergency medical and evacuation assistance. Also included is an Accidental Death & Dismemberment (AD&D) benefit covering all owners, captain, crew and guests for activities while boarding, on board and disembarking the insured vessel. An individual limit of $25,000 and an aggregate limit up to $125,000 is available. These new coverage solutions supplement the yacht policy’s standard coverage, which consists of expanded liability for captain and crew, automatic fine art protection, tailored navigational limits, loss of charter hire, and additional living expenses incurred when forced to move out of harm’s way.
Global Marine and Energy also continues to offer coverages for the owners of watercraft 19 feet or more and worth up to $2 million. Broad terms and wide navigational limits are included, as is coverage for dock contracts and automatic pollution coverage up to the federally mandated requirement.
Source: AIU Holdings
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