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All owners must ensure that they have suitable insurance cover for the duration of the Rally, and that insurance certificates are uploaded to their Members Area
Admiral Marine have helped us with some useful yacht insurance reminders:
Read the Policy
Your yacht may have been insured with the same company for several years. However, the policy wording and clauses may not be relevant to your round-the-world plans. Talk to your insurer.
Cruising Area
Ensure that your insurance company is aware of the areas you will be sailing through during World ARC. If necessary, provide them with a copy of the itinerary.
Exclusions
Be clear about what your insurer requires of you, and understand the exclusions that apply. These might include the number of crew on ocean passages, minimum qualifications for crew, attempting landfall at night, maximum permitted time the boat can be left unattended at anchor, restrictions on single-handed sailing and requirements for leaving the boat unattended afloat or ashore.
Rally or Race
Some insurance companies may treat World ARC as a racing event rather than a rally. Whilst there are official starts and finishes, the emphasis is on friendly competitive fun. This shouldn't affect your premiums, but the insurer should be aware so the underwriter doesn't treat the event as a race.
Australian Marinas
A AU$10 million public liability is standard throughout Australia, including Mackay Marina and Tipperary Waters and Cullen Bay marinas in Darwin. Check that this cover is included or can be added.
Renewal Procedures
If you have a standard 12 month policy, think ahead to where you expect to be at renewal time. Plan to renew when you know you have good communications, and check your insurer knows that you might have limited connectivity at sea.
Piracy
While it is unlikely that piracy, civil disturbance and terrorism will be an issue on World ARC, it is reassuring to know you are covered.
Policy Excess and Claims
Policy excesses may vary by location of the claim. Check the small print! Print a copy of the full policy including claim forms and contact details so you have everything to hand should you have to make a claim.
Admiral Marine specialises in policies for bluewater cruising yachts. For more information visit admiralyacht.com or contact Cristelle Paulley at yacht@admiralyacht.com
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