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Oceanic provides pleasurecraft solutions for small boats up to multi-million dollar yachts.
Agreed Value . . . What you see is what you get.
The Oceanic Yacht policy is written on an agreed value basis. That means that in the event of a total loss the insured is eligible to receive the amount stated on the declarations page. After a claim there are no negotiations of what the market value is, we settle on the agreed value as shown on the policy.
Other coverage features include:
- less exclusions than other policies
- no depreciation on machinery
- consequential damage from latent defects is covered
- broader navigation limits are available
Applications:
Policy Forms:
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