The situation
An owner kept a motor yacht at a marina and planned a run along the coast and across into a neighbouring country's waters. The policy's navigation limits stopped well short of that. A laid-up warranty required the vessel to be out of the water for part of the summer, and a paid skipper was being used although the wording assumed the owner at the helm. Third-party liability sat below the limit the berthing agreement calls for, and the tender and its outboard were not scheduled as separate items.
What we did
We put the intended cruising range, the crew arrangement and the marina's requirements to insurers before the trip rather than after it, and had the navigation limits extended for the season with a named skipper endorsement. The laid-up period was rewritten to match how the boat is actually used. Third-party liability was raised to the level the berthing agreement calls for, with the marina's interest noted where required. The tender, outboard and personal effects were scheduled at values the owner confirmed, and we set out what the wear and tear and machinery damage exclusions leave with him.
- Sector
- Marine Leisure
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