What is Pleasure Craft Insurance?
Pleasure Craft Insurance offers protection against physical loss or damage to your pleasure craft and/or your liability to third parties. The Pleasure Craft is to be used for private, pleasure purposes only and not for charter, hire or reward.
What are the types of coverage available?
There are two types of coverage available, namely Comprehensive and Third Party Liability.
Comprehensive coverage includes:
- Loss or physical damage to your pleasure craft arising from any external accidental cause
- Loss or physical damage to your personal effects, which are kept on board the vessel, arising from any external accidental cause
- Personal accident benefits
- Third party liability
On the next renewal, you will also be given a no claim discount of 10% for every claim-free year. This no claim discount is capped at a maximum of 30%.
This NCD is given only for Comprehensive cover.
Third Party Liability coverage includes:
Your legal liability (e.g. Property damage and / or bodily injuries) to third parties