Customized covers for yacht owners.Fireman's Fund's new Prestige Yacht yacht: see motorboating; sailing. yacht Sail- or motor-driven vessel used for racing or recreation. The term is popularly applied to large recreational engine-powered boats; the sailboats known as yachts and used for racing are usually light and policy covers craft typically valued at more than $1 million, along with captain and crew, as the newest form of customized insurance in its Prestige Portfolio for affluent individuals. Claims under this policy will be handled by a select group of marine adjusters, and agents will no longer have to refer yacht coverage to specialty A contract under seal. A specialty is a written document that has been sealed and delivered and is given as security for the payment of a specifically indicated debt. markets, the company said. Policy highlights include paid crew liability, charter coverage, and personal-effects coverage. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion