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Boat Policy Definitions:

Accidental fuel spill: means the sudden and accidental discharge, spillage or leakage of petroleum based fuel, oil or lubricants which are required for the normal operation and use of your boat.

Actual cash value: means the replacement cost of the covered property at the time of the loss, less deduction for any depreciation.

Agreed Value: means the amount of insurance for your boat as shown on the declarations, without deduction for any depreciation

Auxiliary Equipment: means your portable boating equipment, including trolling motors, not permanently installed aboard but normally required or used to operate or maintain your boat.

Boat: means the boat, owned by you, as shown in the declarations, including its hull, machinery, spars, sails, fittings, furniture, and other permanently installed equipment located on board and normally required for the operation or maintenance of the boat.

Bodily injury: means the physical injury and bodily harm resulting sickness, disease and death. It includes required care and loss of services.

Constructive total loss: means a loss in which the reasonable expense of recovering and repairing your boat equals or exceeds the amount of insurance as shown in the declarations.

Declarations: means the declarations page(s) for your policy that show the coverages and amounts of insurance/limits of liability you have for your boat. Throughout the policy, any reference to the declarations includes any amended declarations.

Family member: means a resident of your household who is related to you by blood, marriage or adoption.

Fishing equipment: means rods, reels, lures and rigs, lines, nets, tackle, and tackle boxes.

Insured: means you; a family member; or any person or legal entity while operating your boat, for private pleasure use with your permission and without a charge, fee or other financial benefit or remuneration. However, insured does not include: any paid captain or paid crew member or any person or legal entity operating, employed by, or the agent of a marina, boat repair yard, yacht club, sales agency, brokerage, consignment yard, boat service station, or other similar organization.

Latent defect: means a hidden flaw inherent in the material existing at the time of the original building of the boat, which is not discoverable by ordinary observation or methods of testing.

Navigational territory: means the waters where your boat is permitted to operate as described in the declarations.

Occurrence: means a loss or accident, including continuous or repeated exposure to substantially the same general harmful conditions that result, during the policy period, in bodily injury or property damage.

Personal property: means any property, not otherwise excluded, owned by an insured or guest of an insured, while it is aboard your boat or while being loaded onto or unloaded from your boat.

Personal watercraft: means a jet ski, hydro cycle or other vessel which uses an inboard motor powering a water jet pump as its primary source of motor power and which is designed to be operated by a person sitting, standing, or kneeling on the vessel, rather than the conventional manner of sitting or standing inside the vessel.

Policy: means your Boat Policy, as it included the application, the declarations, and any applicable forms and endorsements.

Property damage: means actual physical loss or damage to or destruction of tangible property of others, not otherwise insured by this policy. It includes loss of use of such property.

Total loss: means a loss in which your boat is completely lost or destroyed.

Uninsured boater: means any owner or operator of a vessel, other than the insured boat, who is legally responsible for an accident and to whom no liability insurance policy applies or who cannot be identified, such as a hit-and-run operator.