Form Yap052008 PDF Details

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.

QuestionAnswer
Form NameForm Yap052008
Form Length5 pages
Fillable?No
Fillable fields0
Avg. time to fill out1 min 15 sec
Other names osprey yacht application form

Form Preview Example

Page 1 of 5

OSPREY YACHT APPLICATION

www.osprey-uwr.co.uk

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

 

TYPE OF

SAILBOAT

 

 

OUTBOARD

 

VESSEL

MOTOR YACHT

 

 

INBOARD

 

 

SPORTSFISHER

 

 

OTHER

 

 

PERFORMANCE

 

HULL MATERIAL

FIBREGLASS

 

 

HOUSEBOAT

 

 

STEEL

 

 

OTHER

 

 

ALUMINIUM

 

TYPE OF

MONOHULL

 

 

WOOD

 

HULL

CATAMARAN

 

 

KEVLAR

 

 

OTHER

 

 

CARBONFIBRE

 

FUEL TANK

METAL

 

 

OTHER

 

 

FIBREGLASS

 

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

www.osprey-uwr.co.uk

 

 

 

 

 

ENGINE/OUTBOARD DETAILS

 

 

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 ANTI-THEFT PRECAUTIONS ARE THERE WHEN THE VESSEL IS ON A TRAILER OR KEPT ONSHORE?

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

 

 

 

 

 

Page 3 of 5

 

OSPREY YACHT APPLICATION

 

www.osprey-uwr.co.uk

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MANUFACTURER

 

YEAR

DATE PURCHASED

 

PURCHASE

 

PRESENT

 

SERIAL #

 

 

 

 

 

 

 

 

 

BUILT

 

 

 

 

 

PRICE

 

VALUE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GENERAL INFORMATION – IF YOU ANSWER ‘YES’ TO ANY OF THE QUESTIONS BELOW PLEASE GIVE FULL DETAILS ON A SEPARATE SHEET

 

– ALSO SEE GUIDANCE NOTES.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

 

 

 

 

 

 

YES

NO

#

 

 

 

 

 

 

 

YES

 

NO

1

 

IS THIS VESSEL CHARTEREDTO

 

 

 

 

6

IS THIS VESSEL USED FOR WATERSKIING OR

 

 

 

 

 

 

OTHERS WITH A CAPTAIN?

 

 

 

 

 

DIVING WHETHER OR NOT VESSEL IS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OPERATED COMMERCIALLY

 

 

 

2

 

IS THIS VESSEL CHARTERED TO

 

 

 

 

7

WILL THIS VESSEL BE OPERATED SINGLE

 

 

 

 

 

 

OTHERS WITHOUT A CAPTAIN

 

 

 

 

 

HANDED AT NIGHT?

 

 

 

 

 

 

 

 

 

(BAREBOAT)?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3

 

IS THIS VESSEL USED FOR FARE

 

 

 

 

8

DOES ANYONE RESIDE ABOARD THE VESSEL?

 

 

 

 

 

 

PAYING PASSENGERS? IF YES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

WHAT NUMBER OF PASSENGERS PER

MAX

AVGE

9

WILL THIS VESSEL BE USED FOR RACING

 

 

 

 

 

 

TRIP (MAXIMUM & AVERAGE)

 

 

 

 

 

DURING THIS POLICY PERIOD?

 

 

 

 

 

 

NUMBER OF TRIPS PER YEAR

 

 

 

 

10

WAS ANY INSURANCE DECLINED, CANCELLED

 

 

 

 

 

 

(MAXIMUM & AVERAGE)

 

 

 

 

 

OR NON-RENEWED IN THE LAST 5 YEARS?

 

 

 

4

 

DOES THE APPLICANT EMPLOY PAID

 

 

 

11

HAVE YOU OR ANY NAMED OPERATOR BEEN

 

 

 

 

 

 

CREW? IF YES

 

 

 

 

 

INVOLVED IN A LOSS IN THE LAST 10 YEARS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(INSURED OR NOT)?

 

 

 

 

 

 

 

 

 

HOW MANY?

 

 

 

 

12

HAVE YOU OR ANY NAMED OPERATOR BEEN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CONVICTED OF A CRIMINAL OFFENCE OR

 

 

 

5

 

IS THIS VESSEL USED

 

YES

NO

 

PLEADED NO CONTEST TO A CRIMINAL

 

 

 

 

 

 

COMMERCIALLY OR FOR BUSINESS

 

 

 

 

ACTION?

 

 

 

 

 

 

 

 

 

PURPOSES?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GUIDANCE NOTES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

 

IS THIS VESSEL CHARTEREDTO OTHERS WITH A CAPTAIN?

Please complete supplementary sheet CAPTAIN CHARTER

 

 

2

 

 

IS THIS VESSEL CHARTERED TO OTHERS WITHOUT A

 

Please complete supplementary sheet BAREBOAT CHARTER

 

 

 

 

 

CAPTAIN (BAREBOAT)?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4

 

 

DOES THE APPLICANT EMPLOY PAID CREW?

 

 

Please complete supplementary sheet CREW

 

 

 

 

9

 

 

WILL THIS VESSEL BE USED FOR RACING DURING THIS

 

Please complete supplementary sheet RACING

 

 

 

 

 

 

 

POLICY PERIOD?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ALL OPERATORS MUST BE DETAILED – IF THERE ARE MORE THAN TWO OPERATORS PLEASE REQUEST ADDITIONAL OPERATOR SHEETS

 

A

 

 

Full Name

 

Date of Birth

 

State of Residence

 

 

 

Violations/Suspensions (including Auto) in last 5 years

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Yrs of Boat Ownership

 

 

 

 

 

Yrs of Boating Experience

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Boating Qualifications

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Details of Previous vessels Owned/Operated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Have you been involved in a Loss in the last 10 years (insured or not)? If YES please give details & amounts paid:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Have you ever been convicted of a criminal offence or pleaded no contest?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2

 

 

Full Name

 

Date of Birth

 

State of Residence

 

 

 

Violations/Suspensions (including Auto) in last 5 years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Yrs of Boat Ownership

 

 

 

 

 

Yrs of Boating Experience

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Boating Qualifications

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Details of Previous vessels Owned/Operated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Have you been involved in a Loss in the last 10 years (insured or not)? If YES please give details & amounts paid:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

YAP052008

 

Page 4 of 5

OSPREY YACHT APPLICATION

www.osprey-uwr.co.uk

 

 

 

 

 

Have you ever been convicted of a criminal offence or pleaded no contest?

 

 

 

 

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

www.osprey-uwr.co.uk

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