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.
Popular Insurance Terms
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Payment of an employee's employee benefit insurance plan benefits to the employee's individual retirement account ( IRA) or to another plan maintained by the employer. ...
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Minimum rate of return, in life insurance, guaranteed to a policyowner in calculating benefits for a life insurance policy. It is also used by an insurance company as the minimum rate of ...
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