Anchor Insurance.
From the road to the sea with BCIC.
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Cover For Your Sea Vessel

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At BCIC we understand the importance of safeguarding your vessel both at dock and on the sea. Get our Anchor Insurance coverage that is tailored to address all your yacht and boating needs.  

What We Offer
Coverage
Loss or damage to Personal Items- Clothing, waterproof gear, bags and more
External Accident Damage- Stress of weather, stranding collision and more
Theft of entire Vessel- Forced entry to vessel, theft of machinery and more
Medical Expense- Necessary medical, surgical, ambulance, hospital services and more

ANCHOR INSURANCE FAQ’S

Answers For You.

  • Boat owners
  • Ship owners
  • Fishing boat
  • Jet Ski owners

Anchor Insurance provides several benefits including:

  • Protection against financial loss: Anchor Insurance provides coverage for damage to the vessel’s hull and machinery, which can be a significant financial loss for vessel owners. With Anchor Insurance,  vessel owners can protect themselves against unexpected and costly repairs or replacement of their vessels.
  • Compliance with regulations: Many countries require vessel owners to have Anchor Insurance as a condition of operating in their waters. By obtaining this Insurance, vessel owners can ensure that they are compliant with these regulations and avoid potential legal and financial consequences.
  • Peace of mind: Operating a vessel can be a risky endeavour, with a variety of potential hazards such as storms, collisions, theft and mechanical failures. With Anchor Insurance, vessel owners can have peace of mind knowing that they are protected against the financial consequences of these risks.
  • Sea, river, lake, or other navigable water hazards
  • Ship or vessel damage, including machinery and equipment damage.
  • Fire, burglary, or theft damages or destroys the ship.
  • Damage caused by fire, volcanic eruption, earthquakes, lightning, etc.
  • The insured vessel causes damage to other boats (third-party liability)
  • During maintenance activities, the vessel is damaged.
  • Ocean-going vessels are covered worldwide.
  • Outsiders stealing from the vessel.
  • Jettison
  • Piracy
  • Objects falling from aircraft, land conveyances, dock, and harbor equipment or installations, or contact with such objects.
  • Gradual wear & tear of the hull and machinery of a ship.
  • Damage caused by nuclear perils.
  • Radioactive contamination
  • Alcohol Influence-related damage done by crew members.
  • Vessel damage caused by an intentional act.
  • Terrorist activities damaging the vessel.
  • Sailing the vessel in a sea storm after getting a warning order
  • Goods overloading
  • The vessel’s construction quality
  • The depth of the port Anchorages and tide protection at your port. (An anchorage is a place at sea where ships can lower their anchors.)

No, We do not cover cargo or storage of goods for any use. 

Cargo Insurance is used when products are transported overseas or stored prior to or following shipment overseas. Our Anchor Insurance covers damage to a vessel’s hull, machinery and equipment caused by collisions and other ocean perils.

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