The risks covered by the policy are as follows

• Physical loss or damage to the vessel
• War & associated risks
• Liabilities towards third parties
• Insurance for trailer
• Road transits
• Dropping of or falling overboard of outboard motor where the horsepower does not exceed 65hp
• Personal effects

Definitions 

• 'The Vessel' means the vessel named in the Certificate of Insurance and the gear and equipment which would usually be sold with her. It includes the additional equipment and accessories and tenders and dinghy and outboard (s) separately mentioned in the Certificate of Insurance but does not include personal effects.
• 'Personal Effects' means the property other than property mentioned above.

Exclusions - This policy does not cover

• Loss or damage caused by a failure to exercise due diligence to manage the Vessel properly or to maintain her in a seaworthy condition
• Loss or damage caused by the Insured's malicious act or that of anyone onboard the Vessel with the Insured's permission
• Loss by wear and tear deterioration inherent vice vermin or frost damage

Please refer to the extensions section to view cost free and optional extensions.