Yacht and Recreational Craft Insurance
In Lithuania, the number of sailors and people participating in recreational boating has been increasing in recent years, and thus the number of pleasure boats, launches and yachts is gradually increasing. Accordingly, the need for this category of insurance also increases.
the main types of insurance are comprehensive boat insurance cover and ship-operators liability insurance cover;
additional types of insurance are covered by the same comprehensive insurance or by separate insurance contracts: insurance on medical expenses, accidents, personal effects, additional equipment, and equipment breakdown insurance.
financial protection, reimbursement of legal remedies and rescue costs for vessels in the case of accidents;
in some cases, insurance coverage is necessary, for instance, when taking part in sports events or other events.
companies and individuals who are the owners of yachts or other recreational craft.