Page 161 - Policy Wording - Hollard Business Binder (2020-06-24)

Watercraft
3.1.2.4 year of manufacture, older than 10 (ten) years an engineer’s report is required;
3.1.2.5 maximum speed;
3.1.2.6 finishing of hull (glitter and/or decorative finish) or similar repair;
3.1.2.7 value;
3.1.2.8 hull must be certified seaworthy and floatation certificate;
3.1.2.9 equipped with fire fighting equipment.
3.1.3 Value
3.1.3.1 hull, including fixture and fittings, furniture, sails, spars, masts, rigging, all permanently fixed to the hull;
3.1.3.2 spare parts and accessories, rudder – to be specified;
3.1.3.3 propeller and machinery and chains and motors;
3.1.3.4 mother vessel’s dinghy and full description with name, identification number, material of dinghy, value;
3.1.3.5 lifebuoys, moorings, protective covers;
3.1.3.6 individual values.
3.1.4 Out-/inboard motors
3.1.4.1 each motor specified individually with full description;
3.1.4.2 manufacture and class;
3.1.4.3 year of manufacture;
3.1.4.4 engine number;
3.1.4.5 horsepower, capacity and cylinders;
3.1.4.6 maximum speed (knots per hour);
3.1.4.7 individual values.
3.1.5 Description and value of specialised/aftermarket equipment
3.1.5.1 boat/yacht/crews clothes;
3.1.5.2 personal effects;
3.1.5.3 diving and fishing gear;
3.1.5.4 water skis and ski ropes;
3.1.5.5 other equipment relevant to the boat;
3.1.5.6 food, fuel and other stores;
3.1.5.7 lifebelts, lifejackets and medical kit;
3.1.5.8 binoculars;
3.1.5.9 sextants;
3.1.5.10 fish finding and similar equipment;
3.1.5.11 nautical books, maps and navigating equipment;
3.1.5.12 radar, radio (fully licenced), television and electronic equipment;
3.1.5.13 individual values.
3.1.6 Trailer/launching trolley
3.1.6.1 full description, name of manufacturer;
3.1.6.2 year of manufacture;
3.1.6.3 registration/identification/chassis number;
3.1.6.4 two/four wheel;
3.1.6.5 value;
3.1.6.6 suitable to carry weight.
Commercial Underwriting Mandates and Guidelines – Binder – Version 2 2020 159