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- Partial Loss
- Any boat insurance claim successfully processed that does not mean the entire replacement of the vessel.
- Particular Average Freedom
- This is a boat insurance averaging clause relating to the recovery of part losses which were the result of a sunken boat, beaching, collision with another vessel or fire.
- Personal effects
- Personal possessions belonging to you or members of your family permanently residing with you, which do not form part of the vessel & which are temporarily taken on board the vessel for personal use.
- Piling
- A piling is a heavy support pillar that is driven deep into the waterbed but protruding out through the water in order to support a mooring.
- Pleasure boat insurance
- Pleasure boat insurance is a collective term for private or hobbyists boat insurance.
We provide a full range of such insurances via our pleasure boat insurance webpage.
- Policy
- The boat insurance policy is the legally binding contract between a boat owner/ marine insurance customer and Mercia Marine.
- Port side
- Port side is simply the vessels left-hand side.
- Port Tack
- Sailing with the wind coming over the starboard side/ port bow of the yacht/ dinghy/ catamaran.
- Premium
- The core cost of the boat insurance policy to be born by the client. Additional costs that may be incurred besides the core premium are: tax, administration charges and extras (e.g. marine breakdown cover, legal expenses and boat insurance contents cover).
- Proof of Boat Insurance
- Proof of boat insurance is a simple policy document providing evidence from a boat insurer to confirm a policy is active.
- Proximate Cause
- The single event most directly/ sufficiently related to the cause of a boat insurance incident. Thus the single most impacting event that is held to be the primary cause.
- Pulpit
- The pulpit is the main guard rail that sits at the bow of the boat. This is an essential requirement for certain types of ocean-going vessels in order to obtain boat insurance.
