Yacht Insurance Policies

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Questions and Answers

What type of insurance do yacht policies typically fall under?

  • Inland marine insurance
  • Ocean marine insurance (correct)
  • Commercial lines insurance
  • Personal lines insurance

What does the term 'hull' refer to in a yacht policy?

  • The vessel's navigation system
  • The main body of a vessel (correct)
  • The vessel's sail
  • The vessel's engine

How are trailer limits typically specified in a yacht policy?

  • In the policy exclusions
  • In a separate policy
  • In the declarations (correct)
  • In the policy conditions

What type of liability insurance does Protection and Indemnity (P&I) cover?

<p>Liability associated with vessel operation (D)</p> Signup and view all the answers

What is excluded from Protection and Indemnity (P&I) coverage?

<p>Liability covered under workers compensation policy (C)</p> Signup and view all the answers

What type of losses are covered under Protection and Indemnity (P&I) coverage?

<p>Bodily injury and property damage losses (A)</p> Signup and view all the answers

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