Boat Insurance Glossary

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

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Boat Insurance Definitions beginning with - 'O'

Offsets

  • Offsets are the precise hull measurements that were originally used by a boat builder to build the hull. Most normally detailed fully in all good boat builder handbooks.

Overage

  • An overage is an additional premium that is charged due to the boat being insured being outside standard boat insurance risk tolerances (maximum age, engine size, length etc). The overage therefore offsets the additional risk created due to the vessel being out of standard specification.

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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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