Page 108 - Policy Wording - Hollard Prestige Portfolio 1.4

Section 7 – Watercraft
○ Sails and protective covers means if sails or protective covers are more than three years old when loss or damage occurs we will pay for two-thirds of the replacement cost only.
○ Salvage costs means costs incurred with our written consent, for lifting out, removal or destruction of the wreckage of the watercraft up to the limit stated in the schedule.
○ Transit risks means we cover any own damage during transit by land (including loading and unloading).
○ Use by another person means any person other than the operator will be regarded as the policyholder provided
they comply with the terms and conditions of the policy.
○ Laid up periods mean we do not refund any premium for any period during which your watercraft may be laid up.
Optional cover
The following cover needs to be specifically requested by you. If we agree to give the cover it will be stated in the schedule and an additional premium will be payable.
○ Specified accessories means loss of or damage to the accessories as described in the schedule including the following:
– boating and fishing equipment such as fishing rods and reels, tackle and accessories, GPSes, echo-finders, boating emergency gear, skis, ski ropes and other specialised equipment
– non-motorised boats, canoes, inflatables, windsurfers, parasails, surfboards, paddle-skis and kayaks
– water-skis and ropes.
Your obligations
○ A watercraft fitted with an inboard engine is required to be equipped with an automatic fire extinguishing system, which must be regularly maintained, otherwise fire and explosion incidents will be excluded.
○ The inflatable, canoe, sailboard or surfboard must be stored in a locked building when not in use.
○ The watercraft must be controlled at all times by a competent skipper or must be under his supervision.
○ You must provide adequate proof of ownership and insurable interest.
○ The watercraft should be kept secure while at your place of residence.
○ You will take all reasonable steps to maintain your watercraft in a proper state of repair and in a seaworthy condition. You will forfeit cover if you do not.
○ You will at all times exercise all reasonable precautions for the safety of your watercraft to prevent loss, damage or accidents.
○ You will comply with all laws applicable to the ownership, possession and use of the watercraft. Your tender boat must be permanently marked with the name of the parent craft it belongs to.
106 Hollard Prestige Portfolio – Version 1.4 – 2 Feb 2023