RSA Yacht Alliance policy 'underlines commitment to marine sector'

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RSA Yacht Alliance policy 'underlines commitment to marine sector'

Mon 5th Jul 2010

The launch of the new RSA Yacht Alliance policy demonstrates how committed the firm is to the luxury boating industry, a representative from the organisation has asserted.

Marine director at the company Richard Turner made his comments following the unveiling of the cover plan, which is designed for vessels valued between £205,000 and £12.5 million.

The document is currently available in English and Italian, but is set to be released in French and Spanish in the future.

Mr Turner explained: "This new yacht policy follows the creation last year of a new dedicated yacht team with 30 years of underwriting experience in the yacht market."

The RSA Yacht Alliance contract covers physical loss and damage to the boat, tenders and personal effects, among other things.

Earlier this year, RSA revealed that it had partnered with Tesco Bank to offer pet insurance, with £100 million premium income expected to be secured in the first year.

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