Coast Standard Yacht Programme

1. Agreed value form 
2. Credit for experience, education and equipment
3. No depreciation on sails and running gear
4. Losses arising from wear and tear, gradual deterioration and corrosion. The Coast Yacht Policy covers loss or damage arising directly or indirectly from wear and tear, gradual deterioration and corrosion WHEN "a reasonably thorough prior inspection by the Insured could not have discovered such a defect or condition". Situations arise where an Insured can not discover the wear and tear of the part in question by a reasonably thorough prior inspection. We consider it equitable that such losses be recoverable (but excluding the cost of repairing or replacing the part possessing the aforementioned condition).
5. Losses arising from faulty design, faulty workmanship, the installation or use of improper or defective material. The Coast Yacht Policy, for the same reasoning expressed in 4 above, covers loss or damage arising from faulty design, faulty workmanship, the installation or use of improper or defective material WHEN a reasonably thorough prior inspection by the Insured could not have discovered such a defect or condition.
6. Losses arising from freezing. The Coast Yacht Policy covers loss or damage "arising directly or indirectly from or in consequence of freezing IF THE INSURED HAS TAKEN REASONABLE PRECAUTIONS TO PROTECT THE PROPERTY INSURED".

All of the above are an integral part of the appeal, stability and longevity of the Coast Standard Yacht Policy.

For more information about our Pleasure Craft Insurance, please Email
Monica Malinousky.