Page 109 - Policy Wording - Hollard Prestige Portfolio 1.4

Section 7 – Watercraft
What is not covered
○ We do not cover you if any of the following either cause or contribute to loss or damage:
– sails and hoardings torn by wind or blown away while hoisted
– depreciation, wear and tear, gradually operating causes
– reduction in value caused by repairs, lack of use or alterations
– pests such as moths, rodents or vermin scratching, biting or chewing by domestic pets, bruising, chafing or denting
– the watercraft not being seaworthy or maintained
– while the watercraft is left moored or anchored unattended off an exposed beach or shore and has become
stranded, sunk, swamped or breaks adrift
– outboard motors that are not securely chained or bolted to the watercraft, dropping off or falling overboard
– theft of motors unless the moored watercraft is stolen at the same time, or there is evidence of violent and forced entry to the watercraft or place of storage
– motors accidentally immersed in water, unless you have taken reasonable steps to flush and repair them immediately
– mechanical, electric or electronic breakdown, failures or breakages including any consequential loss of or damage to any other mechanical, electrical or electronic component
– cleaning, repairing, restoring or maintenance by any manner or method
– a latent defect in the watercraft's design or construction.
○ Loss or damage while the watercraft is being used for any purpose other than social, pleasure and domestic use. Use for the following is specifically excluded:
– business, trade or professional purposes
– any hiring out or chartering of the watercraft
– towing or salvage services under contract
– the watercraft being chartered or hired out
– a houseboat as permanent residence
– racing, speed tests or trials or other contests and competitions including regattas
– single-handed navigation in open waters
– towing or salvaging other watercraft, other than one in distress
– being towed other than when in distress, or when laying up or being fitted out for repairs
– carrying passengers for reward
– used anywhere outside 'Where we cover your watercraft'.
Hollard Prestige Portfolio – Version 1.4 – 2 Feb 2023 107