Boat Insurance Glossary

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

A | B | C | D | E | F | H | L | M | N | P | R | S | T | U | V |


Boat Insurance Definitions beginning with - 'T'

Third party only

  • Provides only protection against any legal liability to any Third Party if you were to cause an accident. There is NO cover for All Risks of physical loss of or damage to your own property

Total Loss

  • Total loss is simply when the vessel has been completely sunk, lost or stolen and has not been recovered.
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Please note: All boat insurance glossary terms are provided with best intentions only. All terms are subject to correction or amendment at any time and are also always superceded/secondary to any definitions provided in current marine insurance policy documentation.