Narrowboat insurance exclusions explained
It’s very important to read your policy documents in detail to understand what’s covered and what might void your cover. Listed below are a few key exclusions you definitely need to know about.
Personal accident cover won’t cover individuals over the age of 76 –If you’re over the age of 76 and you have an accident, the personal accident aspect of our cover will not apply. Other cover relating to the craft however, is not affected by your age. Personal accident cover is only available on private pleasure craft policies. Not included on residential or commercial policies.
Wear and tear not covered – If your craft is under three years old, we can provide mechanical failure cover (see above). Wear and tear however, is not covered at all.
Corrosion – Rust is fairly unavoidable keep an eye out for it and try to prevent it before it causes serious damage as unfortunately, it isn’t covered by our policy.
Loss of value due to age, use or repair – Depreciation is not covered by our narrow boat policy.
Replacements beyond the sums insured on your policy – This policy works on a market value basis. Therefore it’s important to know the true replacement value of your narrow boat. You will be unable to claim for a replacement narrow boat above the value you give us. If you’re unsure of the value of your narrow boat, a marine surveyor will be able to make an assessment and give you an accurate value.