|Yacht & Marine Insurance|
We arrange and place insurances for direct clientele across a wide spectrum, with our particular area of market being focused on private and pleasure super and mega yachts. The sum insured for larger yachts and commercial ships is typically split into two parts - hull and increased value. The increased value is an amount in excess of the basic hull value to allow for any increase in the market value of the vessel.
Our Hull Insurance covers damage to the yacht or its total loss resulting from an insured peril this also extends to machinery, rigging, navigational equipment and tender and outboard.
We are also able to cater for most other types of craft and most cruising areas and trips. which include: Skippered and Bareboat Charter, Liveaboard Use, Commercial Marine, Boatyard Cover and Public Liability Cover.
Working with specialist underwriters in the London Market, IMS is able to provide cover for your vessel based on a choice of policy wordings and conditions available as well as create unique endorsements to suit.