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This type of policy is issued on vessels and yachts to provide indemnity for any loss, damage or liability that may arise from their use. The scope of cover provided is either an "all risks" or "total loss only" while the policy usually carries a deductible of about 10% of the value of the vessel or yacht.
To enable us submit quotation for this risk, we require the current inspection report done by a qualified marine engineer on the vessel, the type of cover required as well as the value of the vessel.
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