Construction, refit and conversion
Why Hiscox MGA?
We offer a specialist facility for custom and mega yacht construction, refit and conversion that provides coverage under the Institute Clauses for Builders’ Risks, including sea trials. Coverage can be extended to include owner-supplied equipment or fittings held in store or supplied during build.
We can accept risks up to $/€100m and up to 36 months in period, with longer period or higher limits available on request.
A monthly schedule of values is required to form the basis of the policy as the value increases and avoids any ambiguity over insured value.
Building yards are subject to risk management surveys with particular attention paid to fire risks and sub-contractors.