Pleasurecraft

Many pleasurecraft owners borrow to finance their purchase, and their lenders will require them to insure the vessel for total loss through fire, accident or theft, naming them as a beneficiary. Even those who own their yacht, jet ski or power- boat outright will still need insurance to cover other risks such as their liability to third parties.

Owners of runabouts, cruisers, personal watercrafts, sail boats to luxury yachts.

Typically, our pleasurecraft insurance policies include cover for the following risks:

• Agreed Value Option
• Hull Insurance
• Public Liability
• Water Skier’s Liability
• Worldwide Navigational Limit Options
• Personal Effects & Equipment Cover

There are exclusions. There is also often a deductible or excess and limits on cover, so check with your GSK insurance broker.

Product Disclosure Statement
A Product Disclosure Statement (PDS) is available for motor insurance and can be obtained from a GSK insurance broker.

You should consider the PDS in deciding whether to acquire, or continue to hold, motor insurance. To know more about boat insurance, yacht insurance or other pleasurecraft insurance, get in touch with GSK Insurance Brokers.