What does the Protection and Indemnity (P&I) section of the policy include?
A. The liability section of the policy is called Protection and Indemnity (P&I). This section provides for defense if you are sued by a third party. It pays the judgment up to the policy limits should you be legally responsible for injury or damage to a third party. This section of the BoatU.S. policy also includes important features such as liability coverage for operating a friend’s boat, and coverage for removal and disposal of a wrecked boat.
A. The liability section of the policy is called Protection and Indemnity (P&I) and provides coverage for any property damage or bodily injury you are responsible for, up to the policy limits. It also provides for defense if you are sued by a third party. This section of the BoatUS policy also includes important features such as liability coverage for operating a friend’s boat, and coverage for removal and disposal of a wrecked boat.
A. The liability section of the policy is called Protection and Indemnity (P&I). This section provides for defense if you are sued by a third party and it pays the judgement up to the policy limits should you be legally responsible for injury or damage to a third party. This section of the BoatU.S. policy also includes important features such as liability coverage for operating a friend’s boat, and coverage for removal and disposal of a wrecked boat.
