Boat Insurance Glossary

Welcome to our Boat Insurance glossary, select a letter to navigate to our list of available definitions;

3 | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | R | S | T | U | V | W | Y |


Boat Insurance Definitions beginning with - 'D'

Deductible (or excess)

  • When making a boat insurance claim, the deductible is the first part of the claim (the excess) to be paid out by the claimant.

    NB: As general rule the higher the considered risk the higher the deductible tends to be to reduce the cost of your boat insurance.

Depreciation

  • Depreciation is the process through which the boat insurance company measures and accounts for the reduction in value of a boat and associated equipment due to age (i.e. likely wear) and condition.

Disclosure of circumstance

  • Disclosure of circumstance is to declare in full all material facts so that the boat insurance company can accurately assess potential risk. This is a mandatory obligation of any intended boat insurance customer.

Draft

  • The draft is the measurement in distance to which a hull is immersed under the water surface. the measurement needs to be taken from the deepest hull/ keel point.

Top


Please note that all provided boat insurance terms are subject to amendment without warning and that they are also secondary to any definitions provided in our official boat insurance policy texts.

Home | Quick Quote | News | Sitemap | Contact

Mercia Marine are authorised and regulated by the
UK Financial Conduct Authority, reg:304948

Copyright © 2015 (privacy policy)

DJH monitoring details (Blank Quote)...

StartTime: 22/11/2017 03:22:29

Opened connections - 6753
Closed connections - 6753