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Marine Accident Insurance
Marine Personal Accident Insurance
Whether you enjoy skimming the surface at high speeds in your motorboat or prefer to feel the wind in your sails, sailing is a personal challenge, an adventure filled with adrenalin pumping excitement, but it is also a risk. Have you ever wondered what the financial implications could be from a boating accident which results in death or permanent disability? This is an area of yacht insurance which is often overlooked.
Fewer of us carry Personal Accident insurance these days, and if we do, it may exclude sailing accidents. You may be thinking ‘surely sailing accidents are covered under my Third Party Liability policy?’ It is worth remembering that your associated marine liability policy will only cover those amounts for which you are legally liable to pay. If a fellow crew member, on board, is a casualty of a boating accident for which you are not to blame and sustains a permanent disability, he will be unable to claim under your Third Party Liability insurance.
So a marine Personal Accident Insurance which specifically covers boating accidents can be quite attractive. It is important that Personal Accident insurance shouldn’t be confused with a Medical Expenses policy. A Personal Accident policy simply pays a sum as compensation for a permanent disability or death.
Some insurers include limited Personal Accident cover free under a comprehensive yacht insurance policy however, at Pantaenius we believe in doing things properly, so rather than automatically include a small amount for Personal Accident in our main product for your yacht, we offer a dedicated Personal Accident policy that specifically covers boating accidents. Not only does this policy pay a sum as compensation for a permanent disability or death it also includes a contribution towards emergency medical expenses, search and rescue costs and other benefits following a boating accident. It also extends to cover accidents which occur during any period ashore not exceeding 48 hours, and which result in death or permanent disability.
The Pantaenius Personal Accident policy is easy to incept and inexpensive. We recommend taking Personal Accident insurance in conjunction with a Pantaenius Hull & Third Party Liability insurance policy.
Get your yacht insurance quote today or if you wish to discuss your insurance requirements please do not hesitate to contact us.