Pleasure Boat Coverage


Definition of "Pleasure boat coverage"

Insurance for private pleasure boats. Coverage is not standard, but is generally broken down into insurance for yachts, including sailboats; boats with inboard motors under marine policies; and outboard motor boats under inland marine policies. Yacht insurance, which is written on an ALL RISKS or a named peril basis, is broken down into hull insurance; bodily injury and property damage liability insurance; federal compensation insurance for crew members; and medical payments insurance. Outboard coverage insures a boat on land or in the water on an ALL RISKS or named peril basis.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Annual Expected Dollar Loss

Over a long period of time, the average loss an individual, individuals, or an organization can expect to incur from a particular exposure. ...

Pooled Income Funds

Separate trust established by a charitable entity whose purpose is to receive contributions from numerous donors. All the donors' contributions are co ...

Individual Retirement Account Plus (ira Plus)

Proposal, endorsed by then-President Bush and Secretary of the Treasury Nicholas Brady, which expands in a significant manner the number of individual ...

Lloyd

Classification of ships according to their construction material, age, physical condition, propulsion type, stress tests of structure, and owners. Mar ...

Assumed Interest Rate/assumed Investment Return (air)

Percentage return appropriated by the insurer for an immediate variable annuity when the insurer calculates the initial income payment to the annuitan ...

Associate In Marine Insurance Management (amim)

Professional designation earned after the successful completion of six national examinations given by the insurance institute of America (IIA). Covers ...

Popular Real Estate FAQ

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Down Payment: Everything You Wanted to Know Luxury Real Estate Forecast Furnished Rental Tips for Real Estate Investors How to Buy a House Quickly What is a Credit Score and How Does it Impact Real Estate?

FAQ

What is a subdivision? What is a sales contract? What is underwriting? What is an investment property? What do I need to know about Individual Health Insurance?