Boat Building

Indemnifies losses businesses may encounter while building marine vessels.

What can be insured?

Tools & Machinery used
Stock & Material used for building kept within the shed

Perils Covered:

Fire, Lightning and Explosion
Riot and Strike
Malicious damage
Aircraft or articles dropped therefrom
Bursting or overflowing of water tanks, apparatus or pipes
Impact by road vehicles
Earthquake, Volcanic Eruption, Hurricane, Tidal Waves, Tsunami, Cyclone, Typhoon, Windstorm
Theft by forcible and violent entry or exit
Loss or damage to the property or vessel in the course of launching
Flood

Period of Insurance:

Up to the total period taken to complete your hull

Exclusions:

Standard exclusions of this insurance are but not limited to:
Loss by theft during or after the occurrence of a peril insured herewith
Faulty design or works
Consequential losses of any kind
Loss by delay
Nuclear and radioactive risks
Terrorism & war

How to Claim

Inform Allied Insurance Company immediately after the incident:
Call Customer Care Toll Free 1600
Emailing to: [email protected]
Visit MyAllied

Important instructions

1. Insured should make sure that you take all necessary action to minimize the losses.

2. In the event of a fire, a collision involving a third party, burglary/theft or malicious damage claim, you must notify the police as soon as possible and obtain a police report.

3. Repair works should be carried out with our approval

4. All damaged items should be preserved for inspection

5. Do not admit liability at any point or offer to settle the claim unless you have obtained the written consent from us

Related Products

Related Documents

Proposal Form