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