YACHT COVERAGE insures yachts, sailboats and motor boats on a named perils or all risk type basis within the authorized navigational limits stated in the policy. The policy also covers the legal liability of the insured to others by reason of collision damage to other vessels. The insured has the option of adding protection and indemnity coverage and Longshore and Harbor Workers Compensation Act coverage to the basic hull coverage.
(Use ACORD Form #210)
Related PF&M Articles:
AAIS Yacht Coverage Form
ISO Yacht Coverage Form