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 - 'N'
Named Insured
- The named person(s) whose details appear on the boat insurance policy.
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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