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 - 'N'

Named Insured

  • The named person(s) whose details appear on the boat insurance policy.

Nautical almanac

  • An annually produced encyclopedia of marine facts as well as weird and wonderful boating miscellany.

Nautical Chart

  • Simply one of the most fundamental tools available to those navigating the high seas. These charts highlight shorelines as well as flagging water depths and highlighting known dangers.

Non-Disclosure

  • A piece of information either incorrectly provided or not provided at all by the insured (or their representative) to the boat insurance underwriter upon taking out a policy (e.g. non-notification of a previous claim by an owner when taking out his/her yacht insurance).

Notice of Abandonment

  • A Notice of Abandonment is a situation which occurs prior to the declaration of a constructive total loss. When a boat insurance underwriter confirms to a notice they are confirming full liability for the loss of the vessel.

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NB: These boat insurance terms are provided with best intent only. All are subject to correction or amendment at any time. They are also secondary to any definitions provided in our boat insurance policy documentation.

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