s Briefly what does the SIAT Marine Craft Insurance Policy cover?
The policy is based on a comprehensive cover and provides for cover against loss or damage to the actual vessel, its equipment and machinery caused by external accidental means which would include such perils as fire, explosion, theft, collision, malicious damage, stranding and storm damage. The insurance is also extended to cover the insured’s legal liability to third parties, passengers and if applicable liability incurred by and to water skiers.
