Home > Insurance > Boat insurance > Boat Insurance FAQ Frequently asked questions about Boat Insurance When you’ve invested time and money in a hobby, you’ll want to be sure that your pride and joy is well-looked after. Below you’ll find the answers to help you get the right cover for you. What are the main differences between the levels of cover you offer? "Standard cover" provides cover for your craft and the third party and passenger liability associated with owning your craft. "Craft damage only" provides cover for your craft but doesn’t provide cover for the third party and passenger liability. "Third party only" provides cover for the third party and passenger liability associated with owning your craft but doesn’t provide cover for the craft itself. What types of craft can you insure? We can cover: sailing yachts, sailing multi-hulls, sailing keel boats, motor cruisers, sports cruisers, RIBs, speedboats, narrowboats, jet skis (PWCs), sailing dinghies/multihulls, canoes/kayaks. I have a padlock and chain as security to my outboard motor; will it be covered for theft or attempted theft? No, you need an outboard motor lock fitted as well as its normal fitting device. One of my friends was a passenger on my boat and they’ve accidentally slipped over and broken their wrist. Is there any cover? Yes, there’s a Personal Accident section within your policy (exclusions apply). If I stop for a break when I’m towing my boat on its trailer, will it be covered for theft or attempted theft? Yes, as long as you fit and engage the wheel clamp – even if you’re just popping in for a quick comfort break. Is there cover for my fishing gear, wetsuits or dry suits? Yes, as long as they are noted in your schedule. One of my friends wants to use my boat, is that OK? Yes as long as you’re happy with their experience but subject to minimum age on certain types of craft. I think I damaged the hull of my boat when I stranded her but I’m not sure. What should I do? Contact the claims department on 0345 600 7425. As long as they agree the costs in writing beforehand, we’ll pay for the inspection of the underwater part of the hull – even if there’s no damage. If I make a claim, what will happen to my No Claim Bonus? It will step back by a maximum of two years for each claim during the policy of insurance. For example, if you have six years’ no claims when you make a claim, your No Claim Bonus will reduce to four years. If you make another claim on the policy, it will reduce by a further two years. If your No Claims Bonus is protected and you have two or more claims in any three-year period, your bonus will be reduced by two years following the second claim and by a further two years for each subsequent claim. I’ve just sold my boat; can the policy be transferred into the new owner’s name? No, they need to take out a new policy in their name. I’m going on an extended holiday in Europe; how long am I allowed to take my boat abroad with me? We have a special arrangement with the Insurer, which means they will allow 40 days’ European use when most other policies state 30 days. Are there any limitations to the size or speed of boat you can insure? There are no specific limits on size, but we can’t insure craft that have a maximum design speed of more than 50 knots/55mph, except jet skis.