Boat Insurance Glossary

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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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 All terms are subject to correction or amendment at any time and are also always superseded/ secondary to any definitions provided in current marine insurance policy documentation.

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