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Glossary of Terms

Our policies are very easy to understand, however some Boat Insurance terms and phrases still need explaining. Please have a look at our Glossary of Terms below to help you understand your Boat Insurance Policy.




Accident An unforeseen and unplanned event or circumstance including but not limited to fire, explosion, earthquake, collision, sinking, grounding and / or striking submerged objects, water ingress, impact, negligence of third parties, vermin, tidal surge, tsunami, storm, rain, snow, hail or sleet and / or lightning or freezing conditions, the formation of ice on seas, lakes or rivers or flooding of coastal areas, lakes or rivers beyond normal banks or bounds.
Agreed Value The Sum Insured shown in Your Schedule which represents the value of Your Craft as declared by You and agreed by both You and Us.
Ashore Out of the water and on land, above the highest astronomical tide mark.
Coastal Waters Waters up to a distance of 12 nautical miles from the shore.
Consumable(s) Flares, engine oil and any other item(s) which whilst being used are consumed or diminished.
Craft The  vessel  identified  in  Your  Schedule  comprising  the  hull,  superstructure, standing and running rigging, fittings, Machinery, gear and fitted equipment that would normally be sold with the vessel, trailers, tenders, dinghies or other vessels noted in Your Schedule.
Cruising Limits The geographical area specified in Your Schedule within which We have agreed to insure Your Insured Property.
Non-Tidal Waters of the United Kingdom Inland waters of the United Kingdom where there are no tides and inland tidal stretches which are necessary to navigate in order to enter or leave the non-tidal system.
Coastal Waters of the United Kingdom Non-tidal waters of the United Kingdom, inland tidal waters and Coastal Waters of the United Kingdom including waters between two points in the United Kingdom which enables travel by the most direct route even though this route may be outside of the 12 mile limit. This does not include travel between Great Britain and either the Isle of Man, Northern Ireland or the Channel Islands.
Continental Waters between Brest and Elbe All inland, tidal and Coastal Waters between Brest and Elbe. It does not include waters which are - further north than 61 degrees north; or further east than 10 degrees east; or further south than 48 degrees 10 minutes north; and further west than 12 degrees west
Continental Waters between La Rochelle      and Elbe All inland, tidal and Coastal Waters between La Rochelle and Elbe. It does not include waters which are further north than 61 degrees north; or further east than 10 degrees east; or further south than 46 degrees north; and further west than 12 degrees west
Inland and Coastal Waters of Europe Inland waters of Europe where there are no tides, inland tidal waters and Coastal Waters of Europe.
Mediterranean Waters Up to 200 nautical miles off the Mediterranean coast including the straits of Gibraltar, the Dardanelles and adjacent seas of the Mediterranean but excluding Libya, Syria and Algeria.
Other Cruising Limits As specified in Your Schedule.
Deliberate Act(s) of
Any intentional actions to deface, damage or destroy Your Insured Property by a person or persons other than You including but not limited to arson, malicious acts (including vandalism or piracy), riots and civil commotion (civil commotion within the United Kingdom only).
Endorsement A written record of any alteration We agree to make to Your Policy that is shown in Your Schedule.
Engine Cut Out Device
A device specifically designed, marketed and sold to stop the engine(s) automatically if it is detached from Your Craft.
Europe Albania, Andorra, Austria, Belgium, Bosnia Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Eire, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Italy, Kosovo, Latvia, Liechtenstein, Lithuania, Luxembourg,  Republic  of  Macedonia,  Malta,  Monaco,  Montenegro,  The Netherlands, Norway, Poland, Portugal (excluding Azores but including Madeira), Romania, San Marino, Serbia, Slovakia, Slovenia, Spain (including coastal waters of the Canaries and the Balearics), Sweden, Switzerland, Turkey, United Kingdom, Vatican City.
Excess The amount of each claim You have to pay.
Fault / Faulty A failure in or of the design or manufacture of Your Insured Property, or in or of the  design,  manufacture  or  installation  of  a  component  part  of  Your  Insured Property, which is not the result of Gradual Deterioration or lack of maintenance and which You were not aware of and which would not have been discovered during normal maintenance of Your Insured Property.
Fire Extinguisher / Fire
Extinguishing Systems - A pressurised device or devices specifically designed, marketed and sold to emit a fire extinguishing medium appropriate to its use.
Gradual Deterioration The progressive degradation of Your Insured Property caused by wear and tear, rust, rot, oxidation, corrosion, electrolytic or galvanic action, wasting or weathering.
Great Britain
England, Scotland and Wales (excluding Northern Ireland, Isle of Man and the Channel Islands).
Hitchlock A  device  specifically  designed,  marketed  and  sold  to  prevent  a  trailer  being unhitched from a towing vehicle, which covers the bolts securing the tow hitch to the trailer chassis.
Houseboat A Craft that is located or moored at a single location which is used as a main / permanent residence and / or is permanently connected to the on shore mains gas or mains electricity supply.
In Commission When Your Craft is fitted out and ready for immediate use including whilst Ashore ready to be launched.
Insurance Adviser The insurance agent, broker or adviser through whom You have arranged this Policy.
Insured Property The property shown in Your Schedule and defined in Your Policy.
Laid Up When Your Craft is not fitted out and not ready for immediate use including whilst Ashore but not ready to be launched.
Level of Racing
Charter Organisation
Local Club Racing
No Racing
Open Racing
The Level of Racing specified in Your Schedule for which We have agreed to insure You. Taking part in, or under the preparatory signals to take part in, any race, speed trial or competition however described, run specifically by a charter organisation / company or local club, exclusively as a Charter Group event, within Your Cruising Limits. This does not include other local club events, open events, national and / or international championships held at this location.
Taking part in, or under the preparatory signals to take part in, any race, speed trial or competition however described at a club of which You are a member, within Your Cruising Limits.   This does not include open events, national and / or international championships held at this location.
Not taking part in, or under the preparatory signals to take part in, any race, speed trial or competition however described at any level at any location.
Taking part in, or under the preparatory signals to take part in, any race, speed trial or competition however described at any level at any location within Your Cruising Limits.
Loss of Limbs Loss by physical severance of an arm or leg at or above the wrist or ankle or the total and permanent loss of use of an entire arm, hand, leg or foot.
Machinery Including,  but  not  limited  to,  main  and  auxiliary  engines,  outboard  engines, generators, air conditioning installations, electrical equipment, cables and fittings, hydraulic  equipment,  piping  and  fittings,  boilers,  propellers,  shafts,  gearboxes, exhausts and starter motors.
Market Value The most likely sale value between willing buyer and willing seller immediately prior to the claimed loss or damage taking into account the condition and location of Your Craft.
Money Cash, cash cards, credit cards, cheque cards, currency or bank notes, stamps, travel tickets, traveller’s cheques, bonds or securities.
Peril The cause of the loss or damage.
Period of Insurance The period which You have paid for and which We have accepted the Premium for as stated in Your Policy Schedule.
Permanent Total Disablement which has lasted for at least 104 consecutive weeks and will in all probability prevent the insured person from attending to employment, business or occupation of any and every kind for the remainder of their life as evidenced by independent medical advice provided by a medical practitioner agreed by Us.
Personal Belongings Clothes and other items that are worn or carried whilst in use that are not part of Your Craft, household linen, tow ropes, waterskis, wakeboards and kneeboards as more fully defined in Endorsement 5 shown in Your Schedule, if applicable.
Personal Water Craft A jet ski or similar type of Craft.
Policy This booklet, Your Schedule and / or the certificate of insurance make up Your contract with Us (otherwise known as Your insurance Policy).   You should read them together as if they were one document.
Premium The amount of money that You pay and We accept for this insurance
Racing Taking part in, or under the preparatory signals to take part in, any race, speed trial or competition however described as per the Level of Racing described in Your Schedule.
Removable Household
Removable  household  goods  including  but  not  limited  to  microwaves,  washing machines,  dishwashers,  TVs  and  audio  equipment,  aerials,  satellite  receiving
equipment, linen and bedding.
Seaworthy Where Your Insured Property, including Your Craft, is fit to encounter the ordinary perils of the seas, rivers, lakes and any other navigable waterways and is suitably moored, crewed, equipped, fuelled and provisioned with all equipment in proper working order.
The document that makes the Policy personal to You. It includes:
1) the Period of Insurance;
2) details of Your Craft;
3)  Sums Insured;
4) the Cruising Limits and Transit Area;
5) where Your Craft is moored or stored;
6) who We are;
7)  the periods for which Your Craft is allowed to be In Commission or should be Laid Up;
8) any Endorsements applying;
9) the Excess; and
10) the statement of price
[This list is not exhaustive]
Specified Equipment Items of equipment that are specifically noted in Your Schedule.
Speedboat Any motor powered Craft that has a manufacturers’ stated maximum speed of more than 17 knots.
Sum(s) Insured The values shown in Your Schedule for Your Craft and other Insured Property.
Terrorism An act or acts of any person or group(s) of persons committed for political, religious, ideological or similar purposes with the intention to influence any government and / or to put the public or any section of the public in fear.  Terrorism can include but not be limited to the actual use of force or violence and / or the threat of such use. Furthermore the perpetrators of Terrorism can either be acting alone or on behalf of or in connection with any organisation(s) or government(s).
Third Party (Parties) A person who makes a claim against anyone insured by this Policy.
Total Loss When  Your  Craft  or  other  Insured  Property  is  completely  lost,  destroyed  or damaged so that it can no longer be used as intended or if the cost of recovery and / or repairs is more than the value of Your Insured Property.
Transit Area The geographical area specified in Your Schedule within which We have agreed to insure Your Insured Property in transit.
United Kingdom England, Scotland, Wales, Northern Ireland, Isle of Man and the Channel Islands.
Valuables Jewellery, watches, clocks, articles of precious metal, medals, antiques and works of art.
Wheel Clamp A device that is specifically designed, marketed and sold to prevent a wheel being turned or removed.
Wilful / Deliberate Cover A deliberate or planned action that You actively undertake that causes loss or damage.

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Why choose Alan & Thomas?
  • Free no obligation review and quotation
  • Knowledgeable marine insurance experts
  • Competitive premiums from leading UK marine insurance providers
  • Insurance cover tailored to your specific requirements
  • In-house Claims Team to manage any claim for you
  • Top 100 UK independent broker* with Chartered Insurance Broker status

* Top 100 Independent Brokers 2014 published by Insurance Age in association with Cornell Consulting

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