Page 43 - MSTI Namibia.Personal Lines.Home Car.1June 2018 Version 3_Final

9. Watercraft

What does watercraft refer to?
Watercraft refers to any motorboat, ski boat or wet bike that consists of the hull, motors,
machinery, equipment, standard fittings and accessories that would normally be sold with it.
The watercraft trailer must be insured under the vehicle section. The craft you have insured
is noted on your schedule.

The insured value
The insured value noted on your schedule is the maximum amount we will pay in the event
of a claim, less the excess and any dual insurance, betterment or depreciation and under-
insurance. You need to insure the craft for its reasonable market value.

Your responsibilities
To have continuous cover and to have a valid claim, you need to:
• Inform us immediately if the address where the craft is kept, as noted on your schedule,
changes; and
• Make sure that anyone navigating the craft is competent to do so and adheres to the
terms and conditions of this policy as well as the rules and regulations applicable to the
specific waters where the craft is used.

Watercraft use
The craft is only covered if it is used exclusively for private or social purposes.

Where are you covered?
The craft is covered when it is:

• Ashore in Namibia, Botswana, Lesotho, Malawi, Mozambique, South Africa, Swaziland
and Zimbabwe;

• Afloat on inland waters or on coastal waters within a 20 km distance off the coast of
Namibia, Mozambique and South Africa;

• Being transported by land, sea or air

What is covered under watercraft cover?

Loss of or damage to the craft caused:
• Accidentally or intentionally (including theft, hijack, attempted theft or attempted
hijack).
• By fire, explosion, earthquake, storm, hail, flood or snow

Motors
Loss of or damage to motors, machinery or batteries and their connections are only covered
if the craft is stranded, sinks, burns or collides.

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