Marine Hull / Pleasure Craft
Walaa also provides cover to the pleasure crafts owned by the insured through its Pleasure Craft insurance policy. The policy covers losses or damages to the vessel and machinery of vessel caused by maritime perils.
The insurance policy covers the following perils, losses and damages;
Perils of the seas, rivers, lakes or other navigable waters, fire and explosion, violent theft by outside person, jettison or piracy, contact with land conveyance, dock or harbour equipment or installation, earthquake, volcanic eruption or lightning.