At the heart of managing risks and ensuring peace of mind for yacht owners, the Osprey Yacht Application, known formally as the YAP052008, emerges as a comprehensive document designed to thoroughly assess and underwrite potential liabilities associated with yacht ownership and use. This form spans five detailed pages, inviting applicants to disclose extensive information ranging from basic vessel details such as name, hull identification, and dimensions, to more nuanced aspects including the vessel's history, intended use, mooring locations, and specific coverage requests like hull physical damage and liability to paid crew. As part of the application process, insurers require detailed disclosures concerning the insured, the beneficial owner (if the yacht is insured under a company name or if another party benefits from its insurance), and a full accounting of the vessel's features, including construction materials and installed safety equipment. The form takes a comprehensive approach to risk assessment by also probing into the owner's and operators’ past, querying about previous losses, insurance cancellations, and even criminal convictions. This meticulous collection of data underscores the insurance industry's commitment to understanding the totality of risks involved, whilst the various state-specific fraud warnings attached to the application serve as a stark reminder of the legal implications tied to providing false or misleading information. Through this rigorous application process, the Osprey Yacht Application epitomizes the intricate interplay between personal responsibility, asset protection, and the overarching umbrella of insurance coverage.
Question | Answer |
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Form Name | Form Yap052008 |
Form Length | 5 pages |
Fillable? | No |
Fillable fields | 0 |
Avg. time to fill out | 1 min 15 sec |
Other names | osprey yacht application form |
Page 1 of 5 |
OSPREY YACHT APPLICATION |
INSUREDS NAME:
FULL MAILING ADDRESS (including ZIP/Post Code where available):
BENEFICIAL OWNER (this should be completed if vessel is insured in a company name or if the beneficial owner of the vessel is someone other than the Named Insured):
EFFECTIVE DATE FROM: ( MM/DD/YR) |
TO: |
(MM/DD/YR) |
0.01hrs LST |
VESSEL NAME:
HULL ID:
LENGTH:
MANUFACTURER/MODEL:
YEAR BUILT:
PURCHASE PRICE:
DATE OF PURCHASE:
PRESENT VALUE:
MAXIMUM SPEED:
VESSEL FLAG:
COVERAGES WILL NOT BE PROVIDED UNLESS REQUESTED HEREUNDER
COVERAGES |
LIMIT |
HULL PHYSICAL DAMAGE
TENDER/DINGHY
MEDICAL PAYMENTS
PERSONAL PROPERTY
TRAILER
BREACH OF WARRANTY (APPLICABLE LOSS PAYEE MUST BE DETAILED ON PAGE 4)
THIRD PARTY LIABILITY
LIABILITY TO PAID CREW
COMMERCIAL PASSENGER LIABILITY
UNINSURED BOATERS (MAXIMUM AVAILABLE US$100,000)
OTHER (PLEASE SPECIFY)
PLEASE TICK THE APPROPRIATE BOXES – IF YOU ANSWER ‘OTHER’ TO ANY SECTION, PLEASE GIVE DETAILS
PRIMARY POWER |
SAIL |
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TYPE OF |
SAILBOAT |
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OUTBOARD |
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VESSEL |
MOTOR YACHT |
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INBOARD |
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SPORTSFISHER |
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OTHER |
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PERFORMANCE |
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HULL MATERIAL |
FIBREGLASS |
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HOUSEBOAT |
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STEEL |
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OTHER |
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ALUMINIUM |
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TYPE OF |
MONOHULL |
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WOOD |
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HULL |
CATAMARAN |
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KEVLAR |
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OTHER |
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CARBONFIBRE |
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FUEL TANK |
METAL |
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OTHER |
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FIBREGLASS |
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PLEASE DETAIL ALL FIRE PREVENTION/EXTINGUISHING EQUIPMENT INSTALLED OR KEPT ON VESSEL:
DATE VESSEL LAST SURVEYED (MM/DD/YR):
ASHORE OR AFLOAT
HAS SURVEY BEEN SUPPLIED TO UNDERWRITER? (circle one)
YES NO
YAP052008
Page 2 of 5 |
OSPREY YACHT APPLICATION |
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ENGINE/OUTBOARD DETAILS |
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HP |
MANUFACTURER |
FUEL |
YEAR |
SERIAL NO# |
#1
#2
#3
#1
PLEASE ADVISE THE FOLLOWING DETAILS FOR ALL ENGINES DETAILED ABOVE
DATE PURCHASED |
PURCHASE PRICE |
PRESENT VALUE |
#2
#3
PRIMARY MOORING LOCATION OF VESSEL (INCLUDING ZIP/POST CODE WHERE AVAILABLE) BETWEEN JULY 1ST – NOV 1ST
PLEASE SPECIFY WHETHER VESSEL WILL BE ASHORE/AFLOAT (MOORED)/OR ON A HOIST. IF YOU ARE UNABLE TO PROVIDE A ZIP/POST CODE, PLEASE ADVISE LONGITUDE & LATITUDE.
WHAT
ALL WATERS TO BE NAVIGATED THIS POLICY PERIOD (YOU MAY ATTACH AN ITINERARY)
WILL THE VESSEL BE LAID UP DURING THIS POLICY PERIOD (PLEASE DETAIL EXACT DATES & WHETHER ASHORE OR AFLOAT)
TENDERS OR DINGHIES (FULL DETAILS PLEASE):
TRAILER INFORMATION:
YAP052008
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Page 3 of 5 |
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OSPREY YACHT APPLICATION |
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MANUFACTURER |
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YEAR |
DATE PURCHASED |
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PURCHASE |
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PRESENT |
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SERIAL # |
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BUILT |
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PRICE |
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VALUE |
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GENERAL INFORMATION – IF YOU ANSWER ‘YES’ TO ANY OF THE QUESTIONS BELOW PLEASE GIVE FULL DETAILS ON A SEPARATE SHEET |
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– ALSO SEE GUIDANCE NOTES. |
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YES |
NO |
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YES |
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NO |
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1 |
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IS THIS VESSEL CHARTEREDTO |
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6 |
IS THIS VESSEL USED FOR WATERSKIING OR |
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OTHERS WITH A CAPTAIN? |
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DIVING WHETHER OR NOT VESSEL IS |
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OPERATED COMMERCIALLY |
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IS THIS VESSEL CHARTERED TO |
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7 |
WILL THIS VESSEL BE OPERATED SINGLE |
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OTHERS WITHOUT A CAPTAIN |
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HANDED AT NIGHT? |
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(BAREBOAT)? |
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3 |
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IS THIS VESSEL USED FOR FARE |
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DOES ANYONE RESIDE ABOARD THE VESSEL? |
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PAYING PASSENGERS? IF YES |
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WHAT NUMBER OF PASSENGERS PER |
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AVGE |
9 |
WILL THIS VESSEL BE USED FOR RACING |
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TRIP (MAXIMUM & AVERAGE) |
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DURING THIS POLICY PERIOD? |
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NUMBER OF TRIPS PER YEAR |
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WAS ANY INSURANCE DECLINED, CANCELLED |
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(MAXIMUM & AVERAGE) |
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OR |
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DOES THE APPLICANT EMPLOY PAID |
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HAVE YOU OR ANY NAMED OPERATOR BEEN |
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CREW? IF YES |
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INVOLVED IN A LOSS IN THE LAST 10 YEARS |
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(INSURED OR NOT)? |
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HOW MANY? |
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HAVE YOU OR ANY NAMED OPERATOR BEEN |
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CONVICTED OF A CRIMINAL OFFENCE OR |
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IS THIS VESSEL USED |
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YES |
NO |
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PLEADED NO CONTEST TO A CRIMINAL |
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COMMERCIALLY OR FOR BUSINESS |
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ACTION? |
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PURPOSES? |
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GUIDANCE NOTES: |
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1 |
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IS THIS VESSEL CHARTEREDTO OTHERS WITH A CAPTAIN? |
Please complete supplementary sheet CAPTAIN CHARTER |
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2 |
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IS THIS VESSEL CHARTERED TO OTHERS WITHOUT A |
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Please complete supplementary sheet BAREBOAT CHARTER |
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CAPTAIN (BAREBOAT)? |
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4 |
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DOES THE APPLICANT EMPLOY PAID CREW? |
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Please complete supplementary sheet CREW |
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WILL THIS VESSEL BE USED FOR RACING DURING THIS |
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Please complete supplementary sheet RACING |
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POLICY PERIOD? |
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ALL OPERATORS MUST BE DETAILED – IF THERE ARE MORE THAN TWO OPERATORS PLEASE REQUEST ADDITIONAL OPERATOR SHEETS |
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A |
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Full Name |
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Date of Birth |
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State of Residence |
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Violations/Suspensions (including Auto) in last 5 years |
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1 |
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Yrs of Boat Ownership |
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Yrs of Boating Experience |
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Boating Qualifications |
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Details of Previous vessels Owned/Operated |
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Have you been involved in a Loss in the last 10 years (insured or not)? If YES please give details & amounts paid: |
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Have you ever been convicted of a criminal offence or pleaded no contest? |
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2 |
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Full Name |
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Date of Birth |
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State of Residence |
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Violations/Suspensions (including Auto) in last 5 years |
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Yrs of Boat Ownership |
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Yrs of Boating Experience |
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Boating Qualifications |
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Details of Previous vessels Owned/Operated |
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Have you been involved in a Loss in the last 10 years (insured or not)? If YES please give details & amounts paid: |
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YAP052008
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Page 4 of 5 |
OSPREY YACHT APPLICATION |
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Have you ever been convicted of a criminal offence or pleaded no contest? |
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WARNING: THIS IS A NAMED OPERATOR ONLY POLICY. ANY PERSON OPERATING THIS VESSEL WITHOUT PROVIDING FULL DETAILS & RECEIVING WRITTEN ACCEPTANCE BY UNDERWRITERS WILL NOT BE COVERED.
LOSS PAYEE(S) (PLEASE PROVIDE NAME & FULL MAILING ADDRESS):
ADDITIONAL ASSUREDS REQUIRED - PLEASE PROVIDE FULL NAME, ADDRESS AND REASON FOR INCLUSION AS AN ADDITIONAL ASSURED.
PLEASE READ BEFORE SIGNING APPLICATION
1.This application will be incorporated in its entirety into any relevant policy of insurance where insurers have relied upon the information contained therein.
2.Any misrepresentation in this application for insurance will render insurance coverage null and void from inception. Please therefore check to make sure that all questions have been fully answered and that all facts material to your insurance have been disclosed, if necessary by a supplement to the application.
3.A photograph of the vessel is required to be submitted with this application.
4.Fraud Statement – please see page 5 of this application form & initial the paragraph relevant to you to indicate that you have read and understood this.
APPLICANT SIGNATURE: PRINT NAME & STATE YOUR CONNECTION TO THIS POLICY IF YOU ARE NOT THE NAMED INSURED/BENEFICIAL OWNER
SIGNATURE DATE:
PRODUCING BROKER:
YAP052008
Page 5 of 5 |
OSPREY YACHT APPLICATION |
Applicable in California
For your protection, California law requires the following to appear on this form:
Any person who knowingly presents false or fraudulent claim for the payment of a loss is guilty of a crime and may be subject to fines and confinement in state prison.
California Insurance Frauds Prevention Act 1871.2
Applicable in Florida and Idaho
Any person who Knowingly and with the intent to injure, Defraud, or Deceive any Insurance Company Files a Statement of Claim Containing any False, Incomplete or Misleading Information is Guilty of a Felony*
*In Florida – Third Degree Felony
Applicable in Indiana
A person who knowingly and with intent to defraud an insurer files a statement of claim containing false, incomplete, or misleading information commits a felony.
Applicable in Nevada
Pursuant to NRS 686A.291, any person who knowingly and wilfully files a statement of claim that contains any false, incomplete, or misleading information concerning a material fact is guilty of a felony.
Applicable in New Hampshire
Any person who, with purpose to injure, defraud or deceive any insurance company, files a statement of claim containing any false, incomplete or misleading information is subject to prosecution and punishment for insurance fraud, as provided by RSA 638:20.
Applicable in New Jersey
Any person who knowingly and with the intent to defraud any insurance company or other persons, files a statement of claim containing any materially false information, or conceals for the purpose of misleading, information concerning any fact, material thereto, commits a fraudulent insurance act, which is a crime, subject to the criminal prosecution and civil penalties
Applicable in New York
Any person who knowingly and with intent to defraud any insurance company or other person files an application for insurance or statement of claim containing any materially false information, or conceals for the purpose of misleading, information concerning any fact, material thereto, commits a fraudulent insurance act, which is a crime, and shall also be subject to a civil penalty not to exceed five thousand dollars and the stated value of the claim for each such violation.
Applicable in Ohio
Any person who, with intent to defraud or knowing that he/she is facilitating a fraud against an insurer, submits an application or files a claim containing a false or deceptive statement is guilty of insurance fraud.
Applicable in Oklahoma
WARNING: Any person who knowingly and with the intent to injure, defraud or deceive any insurer, makes any claim for the proceeds of an insurance policy containing any false, incomplete or misleading information is guilty of a felony
Applicable in Pennsylvania
Any person who knowingly and with intent to injure or defraud any insurer files an application or claim containing false, incomplete or misleading information shall, upon conviction, be subject to imprisonment for up to seven years and payment of a fine of up to $15,000.
YAP052008