Common use of Hull Insurance Clause in Contracts

Hull Insurance. Property insured We cover your vessel, as described on the schedule (including equipment required to be on board for the operation and maintenance of the vessel), afloat on all inland and coastal waters within 200 nautical miles of the North and South Islands of New Zealand and while ashore or being transported on a land conveyance, including loading or unloading. If equipment is temporarily not on board the vessel and is ashore for storage or repair it will be covered for up to 20% of the amount specified under Section A in the schedule. The amount of insurance remaining on the vessel will be reduced by the value of that equipment. Cover will not apply from the time of Customs clearance, or from the time when legal Customs clearance is required on departure from New Zealand, until Customs clearance on return to New Zealand. Perils insured or cover We cover your vessel against all risks of sudden accidental physical loss or damage. We also cover physical damage that is caused directly by any latent defect in your vessel. However, we do not cover the cost of repairing or replacing any defective part. We will also cover: Additions and deletions It is agreed that any items purchased for the vessel during any one period of insurance shall be deemed as being covered but limited to $25,000. It is further agreed that any items sold shall be deemed deleted from the schedule. In the event of a loss falling within the scope of the policy, receipts and invoices must be produced. Adjustments to the sum insured and premium will be completed at renewal. Accidental death We will pay your executors or administrators, the sum of $10,000 if at any time during the period of insurance you shall sustain accidental bodily injury whilst on board your vessel (including embarking and disembarking therefrom) which shall solely and independently of any other cause result in your death within 12 calendar months from the date of accident. Where there is more than one person entitled to cover under this extension our liability arising from any one accident will not be more than $10,000 in total. Emergency towage We will reimburse you, without deduction, the reasonable towing expenses incurred as a result of mechanical or electrical breakdown to your vessel whilst underway, or attempting to get underway other than from a xxxxxxx, xxxxxx or boat ramp. Our limit of liability shall not exceed $2,000 during any one policy year. Fire extinguishment and safety costs We will reimburse you for the reasonable costs of replenishing, refilling or replacing fire extinguishers and/or safety flares used during an incident giving rise to a claim, which has been admitted under this policy. Our limit of liability shall not exceed $1,000. Loss or damage prevention We will reimburse you for all expenses necessarily and reasonably incurred by you in preventing or attempting to prevent loss or damage, where a claim would or has been admitted under this policy. Our liability, unless agreed by the company in writing, shall not exceed 25% of the sum insured specified under Section A in the Schedule. Medical expenses We will reimburse you without deduction the reasonable expenses of necessary medical, surgical, ambulance, hospital, professional nursing services and in the event of death, funeral costs incurred within one year as a result of an accident to any person while in, upon boarding or leaving your vessel. Our limit of liability in any one accident shall not exceed $2,000 regardless of the number of persons involved in the accident. Personal effects We cover personal effects (provided they are not otherwise insured) against all risks of accidental loss or damage while they are on board or being carried on or off your vessel however there is no coverage while the vessel is laid up for repairs or storage. There is no cover for money, jewellery, furs, traveller’s cheques or other valuable papers or documents. We will pay the actual cash value of personal effects but not exceeding what it would cost to repair or replace the property with a similar item of property. Our liability in any one loss to personal effects will not be more than $1,000 for fishing gear unless specified in the schedule, or $5,000 in total, regardless of the number of people who may have suffered a loss arising out of the same event.

Hull Insurance. Property insured We cover your vessel, as described on the schedule (including equipment required to be on board for the operation and maintenance of the vessel)schedule, afloat on all inland and coastal waters within 200 nautical miles of the North and South Islands of New Zealand and while ashore or being transported on a land conveyance, including loading or unloading. If equipment is temporarily not on board the vessel and is ashore for storage or repair it will be covered for up to 20% of the amount specified under Section A in the schedule. The amount of insurance remaining on the vessel will be reduced by the value of that equipment. Cover will not apply from the time of Customs clearance, or from the time when legal Customs clearance is required on departure from New Zealand, until Customs clearance on return to transit within New Zealand. Perils insured or cover We cover your vessel against all risks of sudden accidental physical loss or damage. We also cover physical damage that is caused directly by any latent defect in your vessel. However, we do not cover the cost of repairing or replacing any defective part. We will also cover: Additions and deletions 77 It is agreed that any items purchased for the vessel during any one period of insurance shall be deemed as being covered but limited to $25,0005,000. It is further agreed that any items sold shall be deemed deleted from the schedule. In the event of a loss falling within the scope of the policy, receipts and invoices must be produced. Adjustments to the sum insured and premium will be completed at renewal. renewal Accidental death We will pay your executors or administrators, the sum of $10,000 if at any time during the period of insurance you shall sustain accidental bodily injury whilst on board your vessel (including embarking and disembarking therefrom) which shall solely and independently of any other cause result in your death within 12 calendar months from the date of accident. Where there is more than one person entitled to cover under this extension our liability arising from any one accident will not be more than $10,000 in total. Emergency towage We will reimburse you, without deduction, the reasonable towing expenses incurred as a result of mechanical or electrical breakdown to your vessel whilst underway, or attempting to get underway other than from a xxxxxxx, xxxxxx or boat ramp. Our limit of liability shall not exceed $2,000 during any one policy year. Fire extinguishment and safety costs We will reimburse you for the reasonable costs of replenishing, refilling or replacing fire extinguishers and/or safety flares flare s used during an incident giving rise to a claim, which has been admitted under this policy. Our limit of liability shall not exceed $1,000. Loss or damage prevention We will reimburse you for all expenses necessarily and reasonably incurred by you in preventing or attempting to prevent loss or damage, where a claim would or has been admitted under this policy. Our liability, unless agreed by the company in writing, shall not exceed 25% of the sum insured specified under Section A in the Schedule. Medical expenses We will reimburse you without deduction the reasonable expenses of necessary medical, surgical, ambulance, hospital, professional nursing services and in the event of death, funeral costs incurred within one year as a result of an accident to any person while in, upon boarding or leaving your vessel. Our limit of liability in any one accident shall not exceed $2,000 regardless of the number of persons involved in the accident. Personal effects We cover personal effects (provided they are not otherwise insured) against all risks of accidental loss or damage while they are on board or being carried on or off your vessel however there is no coverage while the vessel is laid up for repairs or storagevessel. There is no cover for money, jewellery, furs, traveller’s cheques or other valuable papers or documents. We will pay the actual cash value of personal effects but not exceeding what it would cost to repair or replace the property with a similar item of property. Our liability in any one loss to personal effects will not be more than $1,000 for fishing gear unless specified in the schedule, or $5,000 in total, regardless of the number of people who may have suffered a loss arising out of the same event.

Hull Insurance. Property insured We cover your vessel, as described on the schedule (including equipment required to be on board for the operation and maintenance of the vessel)schedule, afloat on all inland and coastal waters within 200 nautical miles of the North and South Islands of New Zealand and while ashore or being transported on a land conveyance, including loading or unloading. If equipment is temporarily not on board the vessel and is ashore for storage or repair it will be covered for up to 20% of the amount specified under Section A in the schedule. The amount of insurance remaining on the vessel will be reduced by the value of that equipment. Cover will not apply from the time of Customs clearance, or from the time when legal Customs clearance is required on departure from New Zealand, until Customs clearance on return to transit within New Zealand. Perils insured or cover We cover your vessel against all risks of sudden accidental physical loss or damage. We also cover physical damage that is caused directly by any latent defect in your vessel. However, we do not cover the cost of repairing or replacing any defective part. We will also cover: Additions and deletions It is agreed that any items purchased for the vessel during any one period of insurance shall be deemed as being covered but limited to $25,0005,000. It is further agreed that any items sold shall be deemed deleted from the schedule. In the event of a loss falling within the scope of the policy, receipts and invoices must be produced. Adjustments to the sum insured and premium will be completed at renewal. renewal Accidental death We will pay your executors or administrators, the sum of $10,000 if at any time during the period of insurance you shall sustain accidental bodily injury whilst on board your vessel (including embarking and disembarking therefrom) which shall solely and independently of any other cause result in your death within 12 calendar months from the date of accident. Where there is more than one person entitled to cover under this extension our liability arising from any one accident will not be more than $10,000 in total. Emergency towage We will reimburse you, without deduction, the reasonable towing expenses incurred as a result of mechanical or electrical breakdown to your vessel whilst underway, or attempting to get underway other than from a xxxxxxx, xxxxxx or boat ramp. Our limit of liability shall not exceed $2,000 during any one policy year. Fire extinguishment and safety costs We will reimburse you for the reasonable costs of replenishing, refilling or replacing fire extinguishers and/or safety flares used during an incident giving rise to a claim, which has been admitted under this policy. Our limit of liability shall not exceed $1,000. Loss or damage prevention We will reimburse you for all expenses necessarily and reasonably incurred by you in preventing or attempting to prevent loss or damage, where a claim would or has been admitted under this policy. Our liability, unless agreed by the company in writing, shall not exceed 25% of the sum insured specified under Section A in the Schedule. Medical expenses We will reimburse you without deduction the reasonable expenses of necessary medical, surgical, ambulance, hospital, professional nursing services and in the event of death, funeral costs incurred within one year as a result of an accident to any person while in, upon boarding or leaving your vessel. Our limit of liability in any one accident shall not exceed $2,000 regardless of the number of persons involved in the accident. Personal effects We cover personal effects (provided they are not otherwise insured) against all risks of accidental loss or damage while they are on board or being carried on or off your vessel however there is no coverage while the vessel is laid up for repairs or storagevessel. There is no cover for money, jewellery, furs, traveller’s cheques or other valuable papers or documents. We will pay the actual cash value of personal effects but not exceeding what it would cost to repair or replace the property with a similar item of property. Our liability in any one loss to personal effects will not be more than $1,000 for fishing gear unless specified in the schedule, or $5,000 in total, regardless of the number of people who may have suffered a loss arising out of the same event.

Hull Insurance. Property insured We cover your vessel, as described on the schedule (including equipment required to be on board for the operation and maintenance of the vessel)schedule, afloat on all inland and coastal waters within 200 nautical miles of the North and South Islands of New Zealand and while ashore or being transported on a land conveyance, including loading or unloading. If equipment is temporarily not on board the vessel and is ashore for storage or repair it will be covered for up to 20% of the amount specified under Section A in the schedule. The amount of insurance remaining on the vessel will be reduced by the value of that equipment. Cover will not apply from the time of Customs clearance, or from the time when legal Customs clearance is required on departure from New Zealand, until Customs clearance on return to transit within New Zealand. Perils insured or cover We cover your vessel against all risks of sudden accidental physical loss or damage. We also cover physical damage that is caused directly by any latent defect in your vessel. However, we do not cover the cost of repairing or replacing any defective part. We will also cover: Additions and deletions It is agreed that any items purchased for the vessel during any one period of insurance shall be deemed as being covered but limited to $25,0005,000. It is further agreed that any items sold shall be deemed deleted from the schedule. In the event of a loss falling within the scope of the policy, receipts and invoices must be produced. Adjustments to the sum insured and premium will be completed at renewal. Accidental death We will pay your executors or administrators, the sum of $10,000 if at any time during the period of insurance you shall sustain accidental bodily injury whilst on board your vessel (including embarking and disembarking therefrom) which shall solely and independently of any other cause result in your death within 12 calendar months from the date of accident. Where there is more than one person entitled to cover under this extension our liability arising from any one accident will not be more than $10,000 in total. Emergency towage We will reimburse you, without deduction, the reasonable towing expenses incurred as a result of mechanical or electrical breakdown to your vessel whilst underway, or attempting to get underway other than from a xxxxxxx, xxxxxx or boat ramp. Our limit of liability shall not exceed $2,000 during any one policy year. Fire extinguishment and safety costs We will reimburse you for the reasonable costs of replenishing, refilling or replacing fire extinguishers and/or safety flares used during an incident giving rise to a claim, which has been admitted under this policy. Our limit of liability shall not exceed $1,000. Loss or damage prevention We will reimburse you for all expenses necessarily and reasonably incurred by you in preventing or attempting to prevent loss or damage, where a claim would or has been admitted under this policy. Our liability, unless agreed by the company in writing, shall not exceed 25% of the sum insured specified under Section A in the Schedule. Medical expenses We will reimburse you without deduction the reasonable expenses of necessary medical, surgical, ambulance, hospital, professional nursing services and in the event of death, funeral costs incurred within one year as a result of an accident to any person while in, upon boarding or leaving your vessel. Our limit of liability in any one accident shall not exceed $2,000 regardless of the number of persons involved in the accident. Personal effects We cover personal effects (provided they are not otherwise insured) against all risks of accidental loss or damage while they are on board or being carried on or off your vessel however there is no coverage while the vessel is laid up for repairs or storagevessel. There is no cover for money, jewellery, furs, traveller’s cheques or other valuable papers or documents. We will pay the actual cash value of personal effects but not exceeding what it would cost to repair or replace the property with a similar item of property. Our liability in any one loss to personal effects will not be more than $1,000 for fishing gear unless specified in the schedule, or $5,000 in total, regardless of the number of people who may have suffered a loss arising out of the same event.

Hull Insurance. Property insured We cover your vessel, as described on the schedule (including equipment required to be on board for the operation and maintenance of the vessel), afloat on all inland and coastal waters within 200 nautical miles of the North and South Islands of New Zealand or within the area that the vessel is licenced to operate and while ashore or being transported on a land conveyance, including loading or unloading. If equipment is temporarily not on board the vessel and is ashore for storage or repair it will be covered for up to 20% of the amount specified under Section A in the schedule. The amount of insurance remaining on the vessel will be reduced by the value of that equipment. Cover will not apply from the time of Customs clearance, or from the time when legal Customs clearance is required on departure from New Zealand, until Customs clearance on return to New Zealand. Perils insured or cover We cover your vessel against all risks of sudden accidental physical loss or damage. We also cover physical damage that is caused directly by any latent defect in your vessel. However, we do not cover the cost of repairing or replacing any defective part. We will also cover: Additions and deletions It is agreed that any items purchased for the vessel during any one period of insurance shall be deemed as being covered but limited mlimited to $25,000. It is further agreed that any items sold shall be deemed deleted from the schedule. In the event of a loss falling within the scope of the policy, receipts and invoices must be produced. Adjustments to the sum insured and premium will be completed at renewal. Accidental death We will pay your executors or administrators, the sum of $10,000 if at any time during the period of insurance you shall sustain accidental bodily injury whilst on board your vessel (including embarking and disembarking therefrom) which shall solely and independently of any other cause result in your death within 12 calendar months from the date of accident. Where there is more than one person entitled to cover under this extension our liability arising from any one accident will not be more than $10,000 in total. Emergency towage We will reimburse you, without deduction, the reasonable towing expenses incurred as a result of mechanical or electrical breakdown to your vessel whilst underway, or attempting to get underway other than from a xxxxxxx, xxxxxx or boat ramp. Our limit of liability shall not exceed $2,000 during any one policy year. Fire extinguishment and safety costs We will reimburse you for the reasonable costs of replenishing, refilling or replacing fire extinguishers and/or safety flares used during an incident giving rise to a claim, which has been admitted under this policy. Our limit of liability shall not exceed $1,000. Loss or damage prevention We will reimburse you for all expenses necessarily and reasonably incurred by you in preventing or attempting to Charter Craft Policy Wording prevent loss or damage, where a claim would or has been admitted under this policy. Our liability, unless agreed by the company in writing, shall not exceed 25% of the sum insured specified under Section A in the Schedule. Medical expenses We will reimburse you without deduction the reasonable expenses of necessary medical, surgical, ambulance, hospital, professional nursing services and in the event of death, funeral costs incurred within one year as a result of an accident to any person while in, upon boarding or leaving your vessel. Our limit of liability in any one accident shall not exceed $2,000 regardless of the number of persons involved in the accident. Personal effects We cover personal effects (provided they are not otherwise insured) which are the property of you, your family and employees, against all risks of accidental loss or damage while they are on board or being carried on or off your vessel however there is no coverage while the vessel is laid up for repairs or storage. There is no cover for money, jewellery, furs, traveller’s cheques or other valuable papers or documents. We will pay the actual cash value of personal effects but not exceeding what it would cost to repair or replace the property with a similar item of property. Our liability in any one loss to personal effects will not be more than $1,000 for fishing gear unless specified in the schedule, or $5,000 in total, regardless of the number of people who may have suffered a loss arising out of the same event.