Plain‑English Reference
Yacht Insurance Glossary
The language of the policy, set down plainly.
Key terms and definitions explained in plain English
Claims
Coverage Types
Operations
Engineering Handover
The formal transfer of technical knowledge, maintenance status, and operational context from one engineering crew to their replacements during crew rotation.
Maintenance Audit Trail
An immutable, timestamped record of all maintenance actions performed on a vessel, including who performed the work, what was done, and when it was completed.
Maritime Technical Intelligence
An emerging category of vessel management software that unifies engineering data — manuals, fault histories, work orders, and handover records — into a searchable knowledge system.
Planned Maintenance System
A structured software system used aboard vessels to schedule, track, and document all preventive and corrective maintenance tasks in compliance with ISM Code requirements.
Vessel Knowledge Management
The systematic capture, organization, and retrieval of all operational and technical knowledge associated with a specific vessel across its operational lifetime.
Policy Structure
Policy Terms
Lay-Up Warranty
Requirement to haul out or secure vessel during specific periods
Marine Survey
Professional inspection of a yacht's condition, systems, and seaworthiness
Named Storm Deductible
Higher deductible that applies during named hurricanes and tropical storms
Navigation Limits
Geographic boundaries where your policy provides coverage
Technology
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