Boat building

Boat building insurance helps indemnify you against losses from dangers encountered while building your hull


Insurable Property:

  • Hull
  • Shed
  • Tool and Machineries
  • Stock


  • Fire, Lightning
  • Theft by forcible and violent entry or exit
  • Explosion
  • Riot and strike
  • Malicious damage
  • Aircraft or articles dropped there from
  • Bursting or overflowing of water tanks, apparatus or pipes
  • Impact by road vehicles
  • Earthquake, volcanic eruption, hurricane, waves, tsunami, cyclone, typhoon, windstorm and flood arising there from
  • Flood arising from other causes



This insurance is extended to cover any loss or damage to the property or the vessel in the course of launching


Required documents

  • Proposal form
  • Registry Copy/Hull No
  • ID Card Copy/Reg No. of Customer

Next Steps?

News and Updates

  • Allied Insurance strengthens their CSR Initiative with New Pledges

    Allied Insurance Company of the Maldives launches new pledges under CSR initiative “Green for Good”. Reaffirming commitment for an environment friendly workspace. The new pledges were launched at the Opening Ceremony of 10to10 Dive held in Angsana Ihuru by Banyan Tree Group’s Sustainability Director and Banyan Tree Global Foundation’s Coordinating Director Dr. Steve Newman.

    August 31st, 2019
  • Ayady Takaful commences “2017 Surplus Distribution”

    Allied Islamic window; Ayady Takaful holds a press briefing session regarding “Distribution of Surplus” for the year 2017. As announced at Allied Special Event 2019, Ayady customers can submit claim forms till 31st March 2019, 4pm. Surplus application forms will be available online from Ayady website; as well as from Ayady Customer front office located in H.Orchid (In front of Velaanaage)

    February 11th, 2019
  • Allied Insurance Company welcomes New Managing Director Mr. Mohamed Shafaz

    State Trading Organization plc appoints Mr. Mohamed Shafaz as the new Managing Director of Allied Insurance Company of the Maldives, effective from 31st January 2019. The appointment was made following the resignation of former Managing Director Mr. Ahmed Ameel.

    January 31st, 2019