Section I: Whole-body insurance.

Hull insurance covers material loss and damage to the boat and its insured outbuildings resulting from all navigation accidents or events of force majeure, except where formal and limited exclusions are provided for in the insurance contract.

The insurer does not cover loss or damage if the boat undertakes the trip in a condition that makes it unseaworthy or insufficiently armed or equipped. Similarly, it does not cover loss or damage resulting from normal wear and tear or obsolescence of the boat.

The insurer is liable for the contribution of the insured goods to general average. Similarly, when the goods on board all belong to the insured, the insurer covers the losses that would have constituted general average if the goods had belonged to a third party.