Pleasure Craft Insurance is essential for safeguarding boat owners and their valuable assets against a range of risks, including damage, theft, and liability. With specialised coverage tailored for leisure vessels, this product provides peace of mind to recreational boaters while ensuring financial protection against unforeseen events.
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A+ to unrated, we have paper to match your specific requirements
A trusted reputation for excellence and long-term client success
Comprehensive coverage with flexible custom risk solutions
Our policy covers physical damage to the vessel’s hull, machinery, and equipment resulting from accidents, collisions, or other unexpected incidents. This includes protection against grounding, fire, and severe weather conditions.
This comprehensive coverage ensures that repairs or replacements are financially manageable, allowing boat owners to enjoy worry-free time on the water.
Pleasure Craft Insurance provides protection against theft of the vessel or its contents, as well as damage caused by vandalism. This coverage includes compensation for stolen or damaged personal belongings stored onboard.
Brokers can highlight this feature as a key reassurance for clients concerned about securing their valuable assets at marinas or mooring locations.
Our policy includes third-party liability protection, covering legal and financial responsibilities for bodily injury or property damage caused by the insured vessel. This is particularly critical in high-traffic boating areas where accidents can lead to costly claims.
This liability coverage ensures boat owners are protected from significant financial exposure, enhancing their confidence on the water.
In the event of an accident resulting in the sinking or wreckage of a vessel, our policy covers salvage operations and wreck removal costs. This ensures compliance with legal requirements and mitigates potential environmental damage.
Brokers can emphasise this as a valuable inclusion for clients seeking comprehensive coverage.
Pleasure Craft Insurance includes personal accident protection for the owner and passengers, covering medical expenses, disability, or death resulting from onboard incidents.
This feature provides an added layer of security, especially for families and groups frequently using the vessel for leisure.
For clients who participate in competitive sailing or powerboat races, our policy offers optional coverage for racing risks, including damage to sails, masts, and rigging.
This specialised coverage is ideal for brokers catering to sailing enthusiasts and sports-focused clients.
Our policy covers the cost of emergency towing services and assistance in the event of mechanical breakdowns or other unforeseen issues while on the water.
This ensures that clients can quickly resolve issues without incurring substantial out-of-pocket costs.
Pleasure Craft Insurance extends liability coverage for accidents or injuries occurring during water sports activities involving the insured vessel, such as water skiing or wakeboarding.
This is an attractive feature for clients using their boats for adventurous recreational activities.
Our policy also provides liability protection for claims made by crew members or passengers due to accidents or injuries incurred while onboard.
Brokers can position this as an essential safeguard for clients frequently hosting others on their vessels.
While Pleasure Craft Insurance provides extensive protection, it does not cover:
Brokers should guide clients through these exclusions to manage expectations and recommend additional coverage where necessary.
Our policy covers physical damage to the vessel’s hull, machinery, and equipment resulting from accidents, collisions, or other unexpected incidents. This includes protection against grounding, fire, and severe weather conditions.
This comprehensive coverage ensures that repairs or replacements are financially manageable, allowing boat owners to enjoy worry-free time on the water.
Pleasure Craft Insurance provides protection against theft of the vessel or its contents, as well as damage caused by vandalism. This coverage includes compensation for stolen or damaged personal belongings stored onboard.
Brokers can highlight this feature as a key reassurance for clients concerned about securing their valuable assets at marinas or mooring locations.
Our policy includes third-party liability protection, covering legal and financial responsibilities for bodily injury or property damage caused by the insured vessel. This is particularly critical in high-traffic boating areas where accidents can lead to costly claims.
This liability coverage ensures boat owners are protected from significant financial exposure, enhancing their confidence on the water.
In the event of an accident resulting in the sinking or wreckage of a vessel, our policy covers salvage operations and wreck removal costs. This ensures compliance with legal requirements and mitigates potential environmental damage.
Brokers can emphasise this as a valuable inclusion for clients seeking comprehensive coverage.
Pleasure Craft Insurance includes personal accident protection for the owner and passengers, covering medical expenses, disability, or death resulting from onboard incidents.
This feature provides an added layer of security, especially for families and groups frequently using the vessel for leisure.
For clients who participate in competitive sailing or powerboat races, our policy offers optional coverage for racing risks, including damage to sails, masts, and rigging.
This specialised coverage is ideal for brokers catering to sailing enthusiasts and sports-focused clients.
Our policy covers the cost of emergency towing services and assistance in the event of mechanical breakdowns or other unforeseen issues while on the water.
This ensures that clients can quickly resolve issues without incurring substantial out-of-pocket costs.
Pleasure Craft Insurance extends liability coverage for accidents or injuries occurring during water sports activities involving the insured vessel, such as water skiing or wakeboarding.
This is an attractive feature for clients using their boats for adventurous recreational activities.
Our policy also provides liability protection for claims made by crew members or passengers due to accidents or injuries incurred while onboard.
Brokers can position this as an essential safeguard for clients frequently hosting others on their vessels.
While Pleasure Craft Insurance provides extensive protection, it does not cover:
Brokers should guide clients through these exclusions to manage expectations and recommend additional coverage where necessary.
Pleasure Craft Insurance is designed to protect recreational boat owners from financial risks associated with owning and operating a vessel. It covers a range of incidents, including physical damage, theft, liability, and personal accidents, ensuring comprehensive peace of mind for leisure boaters.
Who Needs Pleasure Craft Insurance?
This insurance is ideal for owners of:
It is particularly recommended for clients who regularly use their boats for leisure, water sports, or competitive activities.
Covers the vessel, its equipment, and personal belongings against damage, theft, and liability.
Policies can include coverage in domestic waters or international cruising areas, depending on the client’s needs.
Tailored solutions to meet the unique requirements of different vessel types and usage patterns.
Our team ensures a swift and hassle-free claims process, allowing clients to focus on enjoying their time on the water.
Affordable and customisable coverage options designed to suit a wide range of budgets.
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What does Pleasure Craft Insurance cover?
The policy covers physical damage to the vessel, theft, liability, salvage costs, personal accidents, and optional racing risks, among other features.
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Is Pleasure Craft Insurance mandatory?
While not legally required in most jurisdictions, many marinas and waterways mandate proof of insurance, particularly for liability coverage.
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Can I get coverage for international waters?
Yes, Exance offers flexible policies that include coverage for international cruising, subject to policy terms and navigational limits.
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Are water sports activities covered?
Yes, our policy includes liability coverage for water sports, such as water skiing and wakeboarding, involving the insured vessel.
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What factors affect the cost of Pleasure Craft Insurance?
Premiums are influenced by the vessel’s type, value, size, usage, and cruising area, as well as the owner’s boating experience and claim history.
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Does the policy cover racing activities?
Yes, optional coverage is available for competitive racing, including protection against damage to specialised equipment like sails and rigging.
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How do I file a claim?
In the event of a claim, clients should report the incident promptly, providing necessary documentation, such as photos and repair estimates. Our team will guide them through the process for a swift resolution.
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Can multiple vessels be covered under a single policy?
Yes, we offer tailored solutions for clients with multiple vessels, including fleet discounts for eligible accounts.
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What is not covered under Pleasure Craft Insurance?
Exclusions include wear and tear, negligence, war or terrorism risks (optional cover may apply), and commercial use unless specified.