Watercraft Insurance

Here are some terms that are important for our watercraft cover:

By 'watercraft' we mean any registered boat used on water for social, domestic or pleasure purposes, and for the purpose that it's designed for, such as a motor, ski or rowing boat, yacht, or jet ski, including its hull, engines and machinery.
The 'regular skipper' (pilot or rider) is the person who skippers the watercraft most often and who's noted as such on your policy schedule. You need to let us know immediately if the regular skipper changes.
The 'agreed value' is the amount that your watercraft is covered for. This agreed value must include the non-standard fitted extras and accessories. It's calculated on the cost of replacing the watercraft with the same make and model, in the same condition, with similar mileage, plus the value of any specified accessories.

What's covered?

You're covered for the loss of, or damage to, your watercraft that's caused:

Accidentally.
Intentionally, by someone who isn’t you, a member of your household, or the regular skipper, as long as this happens without your knowledge or consent.
Due to theft, hi-jack and piracy, including attempted theft, hi-jack and piracy.
By fire, explosion, earthquake, storm, flood, freezing or snow.
By animals, excluding domestic animals and pets.
By hail.

And, just so you know

Watercraft that are used for any of the following aren't covered by the king: