CertAsig insures on a facultative basis pleasure crafts, the insurance covering loss of or damage to the subject – matter insured caused by:

• Perils of the seas, rivers, lakes or other navigable waters
• Fire, explosion
• Jettison
• Earthquake, volcanic eruption or lightning
• Collision with other vessels or fixed or floating objects
• Salvage charges
• Total / Partial Theft
• Malicious acts
• Latent defects in hull or machinery
• Legal costs
• Negligence

The insurance can be extended to cover the following risks:

• Personal effects
• Liabilities to third parties
• Loss of or damage to the subject – matter insured during transit by road, rail, car – ferry or air
• War and Strike risks
• Loss of or damage to motor and connections electrical equipment and batteries and connections, caused by latent defects in hull and machinery, negligence, heavy weather.

• The terms and conditions offered by CertAsig are similar to those used in the London Yacht Market.
• Maximum capacity of USD 10,000,000.
• CertAsig is reinsured by Lloyd’s and other first class reinsurers, therefore policyholders can take added comfort from the financial strength of CertAsig’s security.
• Certasig offers a comprehensive network of dedicated surveyors, correspondents and adjusters so providing fast response, professional and experience claims management.
• 24 hour / 7 days a week service for vessels in distress
• The claims handling process is insured by qualified personel with over 25 years experience and payment of reimbursements is effected within maximum 15 days from completion of claim files.