Page 143 - Hollard Private Portfolio - Version 3.5

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Hollard Private Portfolio – Version 3.5 – 7 May 2024
Pleasure-craft
Key terms to understand
Total loss Total loss means the pleasure-craft was stolen and not found, or so badly damaged that
it is unsafe or uneconomical for us to repair (a write-off).
Pleasure-craft – full definition
The pleasure-craft as shown in your policy schedule. For example, sailboats, ski boats, rubber ducks, wetbikes or
jets skis, motorboats, and catamarans or yachts. A pleasure-craft has a total length of less than 10.5 metres. The
definition of pleasure-craft includes everything that would normally be sold with the pleasure-craft if it changed
hands, including the following:
○ The hull, including all fitted machinery.
○ Inboard motors and outboard motors that are specified and shown in your policy schedule.
○ Accessories that are specified and shown in your policy schedule.
The definition does not include the following:
○ House boats.
○ Pleasure-crafts constructed of ferro-concrete.
○ Any pleasure-craft used solely as a lifeboat.
○ A road-going registered trailer of the pleasure-craft. If you want the trailer covered, it must be insured under
the Motor cover section of this policy.
Conditions of use
How you may use your pleasure-craft
This insurance policy carefully defines how you may use your pleasure-craft in order for the cover to be valid.
○ Private use
You may use your pleasure-craft only for private use (social, domestic and pleasure), as well as emergency tow-
and-assist.
○ Tow-and-assist
You may use your pleasure-craft to lend emergency assistance to other pleasure-craft in distress. Your pleasure-
craft may also be towed when in distress.
Where we cover your pleasure-craft
○ We will cover your pleasure-craft within the coastal and inland waters of South Africa, Angola, Botswana, Kenya,
Lesotho, Malawi, Mozambique, Namibia, eSwatini, Tanzania, Uganda, Zambia and Zimbabwe. If we agree, we
will extend the territorial limits of our cover and we may impose new terms and conditions.
– Coastal waters are within 10 nautical miles offshore, or within any offshore limitations as defined by
the local regulations or other laws governing the operation of pleasure-craft in the area in which you
use your pleasure-craft.
○ We cover loss or damage to your pleasure-craft whilst it is:
– Afloat at sea, in ports and rivers or on inland waters including docking, undocking, launching and
hauling out.
– Being towed, or while it is towing another pleasure-craft in distress.
– Being loaded onto a trailer, or unloading off a trailer.
– Ashore, including dry-docking and at the premises of contractors for the purpose of overhauling, fitting
out, upkeeping, repairing or surveying.