Page 132 - Hollard Private Portfolio - Version 3.4

Key terms to understand
You
Third party Write-off
Includes yourself, your spouse and any members of your immediate family who normally reside with you, and are financially dependent on you.
Someone other than yourself who is involved in an insured event – for example, the skipper of another boat that is involved in an accident with you.
Your pleasure-craft is so badly damaged that it cannot be repaired economically; or it has been stolen and cannot be recovered.
Pleasure-craft
Pleasure-craft – full definition
Your pleasure-craft has a total length of less than 10.5 metres. The definition of pleasure-craft includes everything which would normally be sold with the pleasure-craft if it changed hands, including the following:
○ The hull.
○ Inboard motors and outboard motors.
○ Fitted machinery.
○ The dinghy or smaller boat which usually accompanies the pleasure-craft.
○ Sails and protective covers.
○ Wetbikes or jet skis.
Other accessories, fittings and equipment may also be covered under this policy, so long as they are specified in your policy schedule – for example:
○ clothing, sea boots, sextants, nautical books
○ fishing gear.
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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:
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
–
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.
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Hollard Private Portfolio – Version 3.4 – 17 Aug 2023