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Boat Building Insurance

Boatbuilding insurance provides coverage against losses encountered while building your hull

What can be insured?

What is covered?

Loss or damage caused by:

Minimum details to get a quote

How to claim?

Inform Allied Insurance Company immediately after the incident by:

BML Insurance is underwritten by Allied Insurance & Ayady Takaful Company of the Maldives

How to apply?

For any additional queries related to any of the insurance products please contact the nearest BML branch or BML Contact Centre

Important information

1. Insured should make sure that you take all necessary action to minimize the losses.

2. In the event of a fire, a collision involving a third party, burglary/theft or malicious damage claim, you must notify the police as soon as possible and obtain a police report.

3. Repair works should be carried out with our approval

4. All damaged items should be preserved for inspection

5. Do not admit liability at any point or offer to settle the claim unless you have obtained the written consent from us


The information mentioned above are non-exhaustive. Please refer to the policy contract for the full list of cover and exclusions under this policy