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Charter boats and insurance - The insurance of a charter boat differs greatly from the conclusion of an insurance for an amusement or pleasure boat. For the charter boat, an additional insurance is initially required because the ship represents the livelihood of its owner. The loss of the vessel not only means the loss of the boat itself, but also the loss of income and countless consequential damages resulting from "non-use" of the vessel (lost contracts, loss of expected income, reimbursement of potential) passengers, etc ... ). Source: pinterest.com In addition, the main function of a charter boat is to carry passengers for a fee, whether for a day charter or a short sightseeing tour. The mere presence of passengers on the ship carries many liability risks. Consider the possible consequences for the passengers if the vessel is involved in an accident as a chartered watercraft. Consider also the risks for the owner of the ship, eg. Personal injury, neg...

Ship insurance - Covering ships can range from complete replacement of the ship in the event of damage to personal liability insurance and everything in between. When deciding which policy is right for you, what your needs and risks are and how much you spend protecting them. Source image: slate.com Comprehensive insurance is the safest way for shipowners who want to insure their property. With full coverage, the ship owner can decide whether he will pay for the ship replacement if the ship is completely destroyed. The cover can also damage the structure of the ship or engine. Covering loss or damage to personal property while you stay on the boat can also be included. Other options include protection against injury, rescue or removal of shipwrecks, replacement of lost use, tow costs and even investigative services. Liability insurance protects you if an accident occurs. In general, shipowners can choose between third-party liability insurance, also known as third...