Sailo offers Safety at Sea
At Sailo, we want to make sure that you are both safe and protected during every adventure on the water. That’s why Sailo has a comprehensive insurance policy through Lloyd’s of London which has been specifically designed for the needs of the Sailo platform. Our policy protects the boat, boat owner, and renter which gives everyone peace of mind.
The Sailo Peer-to-Peer Boat Rental Policy
Coverage Overview
|
Coverage |
Limits & Amount |
|
Hull and Materials, Contents (including Fine Art), Engines and Machinery, and everything connected therewith, nothing excluded, including tenders |
Maximum of $2,500,000 agreed value each vessel declared. Sub-limit in respect of non-emergency towing to $5,000 each vessel, any one accident of occurrence. |
|
Protection & Indemnity Liabilities and Collision / Running Down Clause Liabilities |
Limit: Maximum of $2,500,000 each vessel declared, any one accident or occurrence. |
|
Uninsured Boater |
Limit of $100,000 each vessel declared, any one accident of occurrence. |
|
Water Sports Liability; Swimming, Snorkeling, Waterskiing, Wakeboarding, Tubing, and/or Aquaplaning only |
Limit of $100,000 each vessel declared, any one accident of occurrence. While vessels are used for water skiing, third party liability sub-limited as follows: Property damage $50,000 Bodily injury $50,000 Maximum any one accident or occurrence $100,000 |
|
Medical Payments |
Limit of $50,000, each and every person, each and every incident. |
|
Owners Personal Effects |
Limit of $500 per article, limited to a maximum of $1,000 total sum insured. |
Deductibles
|
Coverage |
Deductible |
|
Hull and Materials, Contents (including Fine Art), Engines and Machinery, and everything connected therewith, nothing excluded, including tenders |
2% of Hull value each vessel any one accident or occurrence |
|
Protection & Indemnity Liabilities and Collision / Running Down Clause Liabilities |
$500 each and every occurrence |
|
Uninsured Boater |
Nil. |
|
Water Sports Liability; Swimming, Snorkeling, Waterskiing, Wakeboarding, Tubing, and/or Aquaplaning only |
$500 each and every occurrence |
|
Medical Payments |
Nil. |
|
Owners Personal Effects |
Nil. |
Eligibility
Sailo’s insurance policy applies to all vessels that meet the following criteria:
The vessel is under 10 years old.
The vessel is valued less than $500,000.
The requested P&I limit is up to $2,500,000.
The owner has had no convictions in the last 10 years.
The owners has had no claims within the last five years.
Vessels that are greater than 10 years of age are required to either (i) submit the latest survey (within 36 months), or (ii) complete a self-survey form prior to coverage being offered. Any deviation from the other points above will require prior approval before being chartered through Sailo.
Claims
We know that our policy will allow you to enjoy a safe and fun day on the water, while our boat owners feel secure about the usage of their vessel. In the unfortunate circumstance where an issue does arise, we ask that you submit a claim through claims@sailo.com.