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Oman Insurance Company (OIC)’s Sailing Boats policy covers ocean going vessels, pleasure crafts, yachts and other marine properties.

The policy covers:
  • Limited or Comprehensive Insurance coverage for loss or damage to sailing boats, dinghies, pleasure crafts
  • Collision liabilities, protection and indemnity coverage
  • Sue and labour, excess liabilities
When and where does the cover apply?
  • In commission at sea
  • On inland waters or in ports, docks, marinas, on-ways gridirons, pontoons or at the place of storage ashore
  • While laid-up out of commission, including lifting or handling out and launching

Perils covered

Losses or damage caused by:

  • Perils of the seas, rivers, lakes or other navigable waters
  • Fire, jettison and piracy
  • Contact with dock or harbour, land conveyance
  • Accident in loading, discharging
  • Explosions
  • Malicious acts
  • Theft of the entire vessel or her boat/s or outboard motor/s
  • Latent detects in hull or machinery
  • Negligence of any person whatsoever
  • Loss or damage to any other vessel or property
  • Loss of life, personal injury or illness
  • Removal or destruction of wreck
  • Legal costs
Extensions
  • Outboard motor dropping off or falling overboard
  • Personal effects
  • Liability to or incurred by any person engaged in water skiing or aqua planning
  • War and strikes risks
  • Machinery damage
  • Racing risks
  • Inland transit risks

(Subject always to the relevant terms and conditions of the yacht clauses and/or as mutually agreed.)

For detailed information, please call toll free 800 4746 or email call_center@tameen.ae

 
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