While taking your canoe out this summer to enjoy a sporty and family type outing, do not forget that damage can occur to your craft in many different ways. Here is a brief outline of what AXA’s Pleasurecraft policy offers.
Type of insurance and cover
The Pleasurecraft policy is a multi-section insurance policy. It protects your boat and your liability to other people, including passengers in your boat. The insurance protection applies while your boat is in commission or while it is laid up, provided you use it within the cruising limits you have chosen.
We will outline the loss or damage benefits and exclusions :
Benefits :
– Accidental loss or damage to your boat, including any outboard motors, trailers or other gear and equipment.
– Theft of your gear and equipment from either your boat, or place of storage (as long as there is forcible entry or it is forcibly removed).
– Outboard motors are insured if they drop off or fall overboard.
– Sailing dinghies are insured while you are racing.
– Towing your boat behind your car or while it is carried by a professional haulier.
– Damage to underwater machinery on your boat (you only pay your standard policy excess).
– If your yacht or motor cruiser is damaged while it is moored on its permanent marina berth, you will not have to pay your policy excess, nor will you lose your no claims bonus. This only applies to boats over 16 feet 6 inches in length.
– Salvage charges necessary to save your boat from a loss.
– Sighting costs after a stranding.
– Loss or damage caused by an authority trying to reduce or stop a pollution threat.
Significant or unusual exclusions or limitations
– Theft of outboard motors unless they are secured to your boat with an outboard motor lock, or stolen from a locked building ashore.
– Theft of your trailer and any insured property on it, unless the trailer is secured with a wheel clamp or trailer hitchlock (where we agree). Note – a wheel clamp must be used to secure any trailer carrying a speedboat.
– Wear and tear, corrosion, loss of value because of age and use; or loss of value of your boat after it has been repaired.
– Loss of or damage to masts, spars and fittings, sails and standing or running rigging while you are racing your boat (unless we agree). This does not apply to sailing dinghies.
– Theft of or loss or damage to personal belongings, or special equipment (unless they are specified in your policy schedule), stores, moorings, fishing gear, diving equipment, wet suits, tow ropes, water skis, or similar equipment or any personal expenses you pay as a result of loss or damage to your boat.
– Loss or damage to motors, machinery, equipment or batteries caused by mechanical or electrical breakdown or failure, or electronic or computer breakdown or failure.
– The excess shown in your policy schedule (except if your boat is a total loss).
– We will not pay more than the value shown in your policy schedule for your boat or any specified item.
This policy can be found by searching online for different quotes and should cost around 105 GBP. Legal expenses are in option and a 30 to 35 pound excess is to be included.
