google bot detected Pleasure Boat Coverage | Insurance Glossary | Realestateagent.com

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.



Related Real Estate Glossary terms

Related Real Estate FAQ