Sail out to new horizons and explore the vast seas with Boat Leisure Protection. Specific insurance for recreational boats that will let you sail with your mind at ease. |
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Options
Boat Leisure Protection offers two options to fully cover your boat and occupants, as well as safeguarding against public liability for damage to third-parties.
Climb aboard this protection, which also includes additional covers such as Participation in Sailing Regattas and Nautical Assistance.
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Coverages, Options and Sums Insured
(*) This cover does not apply to water scooters and jet skis
(**) In case of accident, 1% deductible shall apply over the Own Damage Capital (EUR100.00 minimum), to be deducted from the value of the damage.
Cover Summary
- Public Liability - the insured is covered for compensations the insured may be legally responsible for regarding damage exclusively caused by:
- While swimming
- to third-parties not being transported or towed by the insured vessel;
- passengers being transported in the insured vessel;
- skiers being towed by vessel insured to third-parties(Ski).
- While lifting, hauling out or launching the vessel
- to third-parties not transported on the insured vessel, as the result of breakage of a crane, derrick or winch cable or strap, as well as any electrical or mechanical malfunction of the device.
- Boat Occupants - Accidents directly resulting from the use of the insured vessel are covered provided the Occupants are:
- on board;
- entering or exiting the insured vessel;
- lifting, hauling out or launching the vessel, provided proper means are used;
- water skiing, being towed by insured vessel. In this case, accidents resulting from breakage of the towing cable or from the cable breaking loose from the vessel, as well as due to a skier being forced to let go of the towing cable, are covered.
This cover includes the following guarantees:
- Total and Definitive Disability- lump sum paid out to policyholder corresponding to degree of disability due to the accident;
- Death - lump sum payment to beneficiary/ies in case of death as a result of the accident. For occupants aged under 14, compensation for death in the amount of the funeral expenses;
- Treatment Expenses - guarantees refund of expenses incurred in treating injuries due to the accident.
- Water skiing - Accidents suffered by water skiers, when towed by the insured vessel, are covered, even when these accidents:
- are caused as a direct result of the towing cable breaking or coming loose from the vessel;
- are due to a skier being forced to let go of the towing cable.
- Vessel Own Damage - losses or damage to the insured vessel are covered provided they are sustained exclusively when swimming, the vessel is being lifted, hauled out or launched, or when on land.
- Nautical Assistance*** - (Optional Coverage)
- the guarantees included in the Nautical Assistance cover are valid for the following vessels:
- Type 4, off the Portuguese coast (including the Madeira and Azores islands) and the Spanish coast;
- Type 1,2 and 3, within 60º Lat. N. E 27º Lat. N., 30º Long. W. E 35º Long. E.
- the guarantees will be carried out:
- On national ports, over 15 miles from the port of registry or base port;
- Abroad, on Spanish and Mediterranean basin ports, except for ports in Albania, ex-Yugoslavian countries, Lebanon, Libya, Syria, Turkey and Israel.
For insured persons, provided they, after landing on one of the above-stated ports (excluding the port of registry or base port) during the trip, are less than 100km from the vessel and more than 40km away from their own residences.
- Participation in Sailing Regattas*** - all afore-mentioned covers except Nautical Assistance apply during participation in sailing regattas.
Automatic acceptance
Automatically accepted leisure boats:
- for personal use and with no commercial ends;
- included in our rates;
- whose insured amount in Own Damage is less than 50,000 EUR;
- under 6 years old (from year of build); surveys must be recorded in the respective certificate and be up-to-date;
- maximum number of persons registered in the certificate must be under 10 persons.
Other unforeseen situations must be analysed on a case-by-case basis by the membership department. Please visit a Millennium bcp branch*** if you require further information.
Upper Age Limits
Covers included in Boat Leisure Protection are valid for all ages, except the Boat Occupants cover, where Complete and Permanent Disability or Death and Treatment Expenses covers end at 70 years of age.
Main Exclusions
Regarding each cover*** there are situations which might not be covered by Boat Leisure Protection. For further information please refer to the available General*** and Specific Terms*** of the insurance policy.
Rates & Charges
Boat Leisure Protection ensures carefree sailing for a minimum premium of EUR 63****/year.
(****) Must add EUR 5 policy fee to your 1st premium receipt + legal charges.
How to take out a policy
1 - By Post
You need to:
2 - At any Millennium bcp Branch***
(***) Transactions/information in Portuguese will soon be available in English.
Climb aboard this Protection!
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