Third-party liability Yachts (TPL)
Home Insurance Products Third-party liability Yachts (TPL)
Τhird party liability insurance covers (legally) the party itself (owner, crew or guest) against 3rd parties, 3rd party death/injury, environment, etc., while your yacht is in water (or is chartered).
For our H&M /3rd party liability proposal form, click here
Description of indicative "TPL" yacht insurance cover:
Third-party liability
Medical expenses and emergency treatment
Legal liability protection of Skipper
Legal protection
Accidental loss or damage
Personal accident
Sea pollution
Salvage
Exclusions in a “TPL” yacht insurance cover:
– Bare-Boat
– Expenses of your yacht delay
– Fines and penalties (except from those under fines section of our main cover)
– Environmental damage (arising from your continuing use of or presence at a coral reef or other sensitive marine environment)
– Illegal payments of any kind
– Kidnap and ransom
– Motor vehicles
– Nuclear risks
***Bear in mind that we can apply certain exclusions on a per case basis