RIB insurance

Indumar water sports insurance (insurer: SMA SA)

Indumar water sports insurance is a product offered by insurance company SMA SA.
This insurance pays for damage caused by or to your vessel. You can choose either standard cargo coverage or extended cargo coverage and possibly liability coverage.

Brief description of the coverages offered

For detailed information on the rights and obligations of the insurance company and the insured, please refer to the IPID sheet and the general and/or special terms and conditions of the selected insurance product.

Guarantees standard casco

• Fire, self-ignition and fire extinguishing
• Lightning strike/induction
• Explosion
• Storm
• Burglary or attempted burglary
• Theft
• Vandalism
• Transport

Additional guarantees extended casco

• Overvoltage
• Precipitation
• Blackout
• Joy fern
• Riots and disturbances
• Frost
• Own defect
• Consequences of own defect
• Construction fault
• Consequences of a construction fault

Extra insured guarantees standard casco

• Rescue costs
• Clearance and lighting costs
• Assistance
• Towing aid
• Import or destruction
• Emergency services

Extra insured additional guarantees extended casco

• Replacement vessel / holiday home

Statutory liability

• The statutory liability of the insured party with or caused by the vessel

Brief description of the major risks NOT covered by the insurance 

For detailed information on the rights and obligations of the insurance company and the insured, please refer to the IPID sheet and the general and/or special terms and conditions of the selected insurance product.

General exclusions

• Consent / intention / recklessness
• Non-fulfilment of obligations resulting in damage to interests insurer
• Intent to deceive the insurer
• Rental / charter (unless also insured)
• Damage outside sailing area / storage
• Intoxicating substances
• Exceeding speed and/or ignoring navigation bans

Exclusions standard and extended casco

• The duty of care is not fulfilled
• Damage by gradual processes such as wear and tear, ageing, corrosion, …
• Indirect damage such as depreciation, colour and gloss differences, loss of use and other financial disadvantages
• Seizure
• Damage occurring if the insured object is transported as deck cargo

Exclusions statutory liability

• Liability for personal injury inflicted upon you or upon the person with whom you permanently cohabit in a family relationship
• The liability of those not authorised by you to use the vessel
• Damage to goods which the skipper possesses, has in his possession or is transporting with the vessel
• Damage caused by the transport of the vessel with a trailer coupled to a motor vehicle
• The liability for damage to goods that are on board the vessel, loaded therein or taken
• from therein be unloaded
• Participating in competitions or meeting. Preparations for this with motorboats and speedboats

General terms and conditions and contractual documents

The IPID sheet (Information document on insurance product) can be found here.

The general terms and conditions of this insurance product can be found here.

It is essential that you review these documents before giving your approval to the financial product or signing it. The documents are available via the above links or can be requested from our office.

Legal information and complaints management

The insurance contract is governed by Belgian law.

Origin of the product developer: product offered by SMA SA, Rue Louis Armand 8, 75015 Paris, France.

Location where you can get a quote together with a calculation of the premium: Indumar Insurance NV, Schoonzichtstraat 27, 9051 Ghent.

The term of the product is one year. After the end date, your policy will be tacitly renewed for one year at a time, unless you (notice period of 2 months) or we (notice period of 3 months) cancel the policy by registered mail, by bailiff's writ or by delivery of the termination letter against receipt, subject to compliance with the aforementioned notice period.
If you are a consumer, you can terminate the tacitly renewable contracts without any costs or penalties after the expiry of a period of one year from the start of the insurance contract. The termination shall take effect after the expiry of a period of two months.

Any complaint regarding this offer or the insurance contract can be addressed to the internal complaints department Indumar Insurance NV, Schoonzichtstraat 27, 9051 Ghent, info@indumar.be.

If you disagree with the outcome of the complaint handling, you can submit a complaint to the VZW Insurance Ombudsman, square de Meeûs 35, 1000 Brussels Tel No: 02/ 547 58 71; Fax No: 02/ 547 59 75; info@ombudsman-insurance.be ; www.ombudsman-insurance.be. Complaints must be submitted in writing. Submitting a complaint does not affect the policyholder's right to take legal action.