Insurance _

Insure Your Boat 

Your boat is, no doubt a significant investment. If you doubt this, all you need to do is consider the significant amount of money you spend to get it. You’ll have to pay a considerable sum to purchase it in the first place. Then, there’s the place of the various registration and maintenance that you have to do. When you consider all this, it becomes clear that your boat is something you want to protect from damage.

However, regardless of how careful you are, it’s almost impossible to eliminate the risk of damage. You could have your boat in storage and still have it damaged from a fire outbreak. This is why it becomes important to take active steps to ensure that you don’t suffer unredeemable loss in the event of damage. This is where insurance comes in. 

Insurance is a financial package that allows you to get repaid in the event of damage to the insured package. Under this arrangement, you can receive as much as 100% of the sum you lost depending on the insurer’s agreement. 

At YW Diamond, we recognise the valuable investment that your boat is. In turn, we encourage you to seize the opportunity and get yourself an insurance cover. No doubt we don’t offer insurance cover for your boats. However, we have a wide range of partners that provide cover for your boats. You can contact them today to get started on the process of insuring your boat. 

There will be a consultation where you discuss the cover you want to obtain for your boat and the degree of protection. Afterwards, you can then enter into the insurance agreement and pay the premium. Once you do this, you can sleep more calmly, knowing your boat is secure regardless of the circumstances that might occur. 

So, what are you waiting for? You don’t want to take the risk and keep hoping that nothing will happen to your boat. You want to be certain that even if something was to happen, you remain protected. You can get right to contact any of our partners today to get started. 

What Gets Insured 

When you go for an insurance cover with our partners, you get the following covered.

  • The Hull
  • The Boat Tender
  • The Trailer 
  • Your Equipment and Accessories 
  • Motors (this includes the trolling and auxiliary motor)
  • Masts, Rigging, Spars, and Sails 

The Scope of the Insurance Cover 

When you opt for an insurance cover, you receive protection from a wide range of occurrences. These occurrences cut across the following:

  • Accidental damage 
  • Damage from fire, flood, or storm 
  • Damage from collision and crash 
  • Damage from an explosion, tsunami, and earthquake 
  • Attempted theft or theft
  • Emergency expenses
  • Vandalism
  • Storage or salvage cost
  • Cost of clean up 
  • Cost of funeral 
  • Rescue services
  • Towing services (land)
  • Hull inspection
  • Liability cover 

However, beyond this, you can also add other options that you want to cover. They include:

• Personal content 

• Sailboat racing

• Liability cover for floatation devices and water-skiing 

• Cover for lay up

So, you can click here to get started and discuss with our partner your needs.