Welcome to our Boat Insurance glossary, select a letter to navigate to our list of available definitions;
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Contribution
- Similar to any financial contribution, an insurance contribution is where more than one party insures the total risk. This is a standard risk limitation strategy used by all insurance industries where a particularly high value policy or batch of policies is being insured. Every contributing party is deemed to be liable for its portion of the loss. In the situation of a claim the lead insurer recovers loss from the other insurance contributors.
Astern
- Astern simply means toward the rear, the back of or behind the vessel, boat or ship.
Wake
- The term wake literally means to come to life or to cause to stir. Thus a boat's wake is simply the water disturbance that is left behind/ astern as a vessel travels through water.
Outhaul
- An outhaul is a device located to the aft of of the yachts boom. It's purpose is to ensure that the clew is well secured so that the footings are nice and taught.
Aft
- Aft simply means near to or towards the stern of a vessel.
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