Motor vessel insurance
As specialists in leisure vessel insurance, we offer optimum protection, with extensive coverage to be able to enjoy motor navigation.
There is also the chance to save up to 20% on your vessel insurance. Therefore, when no claims have been made during the year, if you have a policy contracted with damage cover, you will be entitled to a refund of 20% of the Premium paid. If the policy has third party cover plus accidents and the premium is over 150 €, this refund will be 10%.
Motor vessel insurance with foreign flag
Motor vessel insurance: Basic cover
Compulsory Civil Liability
This guarantee is subjected to the R.D. 607/1999, of the 16th of April, by which the Regulation of Compulsory Civil Liability Insurance is approved for leisure or sports vessels. According to the abovementioned legislation, the capital for this concept is 336,566.77 euros.
For this cover the consequences of the policy holder’s extra-contractual civil liability are covered, when there is no fault attributable to it or any negligence.
Voluntary Civil Liability
The civil liability capital may be extended for this cover for up to 600,000 euros.
In the case of the breakdown of the insured vessel, the towing expenses of the aforementioned vessel to the nearest port or marina to the place where the breakdown occurred are covered.
This cover guarantees the defence and representation of the policy holder in criminal processes, as well as the payment of the expenses that are incurred due to the intervention in the aforementioned procedures and those from which the civil liability can be derived or may be derived in the future covered by the policy.
If as a result of an accident, both guaranteed by the policy or not, which has occurred to an insured vessel, with material damages or bodily injuries that were caused to a member of the vessel’s crew; or damages to their belongings; the Company is obliged to claim damages from the third party responsible, or from their insurance company, either amicably or judicially, on behalf of the injured party.
Motor vessel insurance: Optional cover
The possibility of contracting assistance for the crew on shore is offered, which includes, amongst others, the following services: repatriation or medical transport of injured and/or sick people; repatriation or transport of the policy holder’s family members; early return due to the death of a family member; travel by family companion along with the hospitalised policy holder; payment or refund of medical, surgical, pharmaceutical expenses or for hospitalisation abroad, etc.
Personal Passenger Accidents
The payment of the services for bodily injuries occurred to the policy holder and to any insured person is guaranteed, when transported free of charge with their authorisation and consent, whilst aboard the vessel or at the moment of boarding or landing.
This cover extends to the damages caused to crew members or passengers of the main vessel when they are on board the auxiliary vessel or whilst boarding or landing.
Total loss or abandonment
Compensation will be paid for the total loss or abandonment of the insured vessel as a result of a maritime event.
The total loss of the vessel is also covered during its time on shore, in certain cases, as well as the total loss of the vessel as a result of vandalism.
We compensate with the purchase value of the vessel, whenever it is equal or less than 2 years old. In addition, we pay the salvage expenses caused when trying to save the vessel or minimise the accident claim. This cover extends to the auxiliary vessel that the insured vessel has incorporated, whenever this is expressly defined in the particular conditions.
For this cover, the vessel is covered against the risks of loss or breakdown as a result of sinking or shipwreck, beaching or stranding, crashes or collisions with fixed and/or floating objects, boarding, fire, explosion, lightening and tidal wave due to a storm. Likewise, the salvage expenses or payments that the policy holder incurs to decrease or avoid any loss or risk covered by the insurance are also covered.
We also cover the damage the vessel suffers due to manoeuvres whilst putting the vessel into the water or taking it out, fire and explosion whilst on land; as well as the damages produced during its land transport, as a result of a proven accident of the vessel-carrier vehicle or its tow truck and fire. This cover extends to the auxiliary vessel.
With METROmar, you pay less and less. Because the franchise for breakdowns in your policy decreases by 25% annually if you do not make any claims throughout the year.
Theft and damages due to attempted theft are covered of both the complete vessel and the pieces that form fixed parts of the vessel, either when afloat, in garages or during transport.
The damages caused to personal effects in the case of an accident occurring to the vessel are covered, including the cases of theft.
Cover of tarpaulins
Tarpaulins and covers will be covered whenever they are expressly declared in the particular conditions of the policy.