Waterborne transport and liability insurance
«Universalna» Insurance Company offers voluntary waterborne transport and liability insurance
The subject matter of the insurance policy is the property interest concerned with ownership, use, and dispose of waterborne transport and/or its owner’s liability covering damages the craft exploitation may cause
Types of insurable vessels:
- seaworthy crafts
- river boats
- special-purpose
- small-size (yachts, launches, scooters etc).
Waterborne transport insurance provides three classic types of covering:
- Type 1 — absolute total loss and damage liability
- Type 2 — damage liability
- Type 3 — total loss liability
We also provide following types of liability insurance:
- Collision clause and recovery of property sunken due to the shipping accident liability
- Damaging buoyant and immoveable objects liability
- Water pollution and damages to any property in the water caused by the insured vessel leaking oil products or other pollutants
- «Liability for damages inflicted on natural persons (except for the ensured vessel crew members)»
- «Liability for a cargo loss, damage, or lack»
- «Liability for property installed in vessel ensured»
- «Liability covering towage contracts»
- As an option, the insurance policy may provide:
- «Liability for damage inflicted by the insured vessel participation in races, regattas and similar competitions»
The insurance coverage sum is defined according to the vessel cost at the moment of signing the insurance agreement. The liability limit is measured by the insured person’s request.
The insurance payment depends on the following factors:
- insurance coverage (the vessel cost)
- insurance risks chosen
- the waterborne transport type and function
- the waterborne transport service conditions
As an option we offer:
- One voyage agreement
A general insurance agreement for waterborne transport units. It is used in case of the unit constant voyages according to specified route. The policy covers all the voyages during the period fixed by the General agreement.
Duration of policy — one year