Yacht

Yacht

Pleasure Craft Insurance is designed to cover marine vessels used for private purposes. These include yachts, cruisers, wave riders, jet skis, dingys and sail craft. Pleasure craft insurance policies typically have two components: insurance on the hull, on the one hand, and insurance for liabilities in relation to the operation of the vessel. The latter is known as protection and indemnity insurance. (Or P and I insurance)