Boat Insurance: Full coverage could be offer to boats that are below 20 years old only. This includes the following sections:

1.Total Loss: This section covers the boat in case of total loss or implicit loss. It applies a deductible of 5 to 20% depending on the year of make of the boat.

2. Particular Damage:
This part refers to any damage cause to the boat that needs to be repaired. The deductible to be applied is 5% (most common) Damages caused by Strikes and Riots could be covered by Insurance Companies if you ask them to do so.

3. Running down under collision ¾.
This covers the expenses caused to another vessel with a maximum limit of 75% of the value of the boat insured. There is no minimum required as long as the boat is not used for commercial or rental purposes. If so, Port Captain (Capitania de Puerto) will set the minimum required.

4. PANDI (Liabilities):
Covers the insured up to the amount Insured for this purposes when there is a responsibility liable on other’s people bodies (injuries) up to the amount hired. There is no minimum required as long as the boat is not used for commercial or rental purposes. If so, Port Captain (Capitania de Puerto) will set the minimum required.

5. Medical Expenses and Personal Accident.
This clause covers the reimbursement of medical expenses for any of the crew or people on the boat in case of an accident happened. The amount insured is set per person and applies only to the number of people that the vessel is capable to carry.