It takes a Yachtsman to understand another Yatchsman’s needs. At Crescent Global, sailing is a passion of
many of our senior executives. Therefore, when we decided to put together a Yacht Insurance product, we
made sure we left nothing to chance.
Cover Section 1: Loss or damage to the vessel or hull
Period 12 months from date to be agreed
Limit of Cover
1 – Loss or damage to vessels with value up to
10,000,000 BHD
Section 2: Third Party Liability
2 – Third Party Liability BHD 100,000 in the aggregate
Section 3: Liability to passengers
3 – Liability to passengers BHD 10,000 any one person
and BHD 50,000 in the aggregate
Additional Covers
a. Sighting expenses
b. Death benefits for Insured and spouse (1 no.)
BHD 500 any one person
BHD 2,500 in the aggregate
d. Water sports extension 10,000 BHD any one occurrence
and in the aggregate
Interest Covered Yacht and boats used solely for private and pleasure purpose
Age of the vessel – not more than 8 years from initial
manufacture
Speed of the vessel – not more than 36 knots
Cruising limit Bahraini and neighboring waters such as Qatar and Saudi Arabia.
Deductible each and every loss 250 BHD
Less: No claim bonus : 10% discounted if policy
renewed or upgraded