Boat Insurance Glossary – E

Ebbs are water drafts caused through the dropping of the tide.
An endorsement is a temporary boat insurance amendment to provide additional insurance cover for a one-off voyage or personage.
A vessels flag indicating its nationality.
Excess (or deductible)
An excess (or deductible) is the amount you are responsible to pay in the event of a boat insurance claim.

NB: Often the higher the considered risk the higher the excess tends to be, this is to reduce the cost of your boat insurance policy.
Excess Liability
Excess liability is an additional insurance option which results in the insurance excess being covered/ waived in the event of a claim.
An exclusion refers to a condition in the boat insurance policy that is not indemnified against.