Recreational watercraft insurance covers: Motorboats, Cutters, Yachts, Jet skis, Rowing boats and other registered watercrafts.

Only registered watercrafts can be insured.

By taking out recreational watercraft insurance, you are covered against the following basic risks:

Water traffic accident risk
A collision in water traffic with another watercraft, an obstacle, a swimmer, an animal or another object, as well as running aground. whilst in motion Capsizing or sinking of a recreational watercraft, resulting in the insured object being damaged or destroyed.

Fire risk
The effects of fire, smoke, soot and fire-fighting operations on the Insured Object, resulting in its damage or destruction.

Natural disaster risk
The direct impact of storms*, floods, lightning, hail, earthquakes, volcanic eruptions on the Insured Object, as well as the direct impact of various falling objects caused by natural disasters on the Insured Object, resulting in its damage or destruction.

*Storm – for the purposes of these terms and conditions, this means wind with a speed of at least 7 on the Beaufort scale or 17 m/s (seventeen metres per second), which has caused mechanical and visible damage to the Insured Object.

In the case of Slipway Risk and Berthing Risk, if it is not possible to determine the wind speed at the location of the Insured Object, a storm shall be deemed to have occurred if damage has been caused to buildings and objects adjacent to the location of the Insured Object as a result of the wind.

Shaft breakage risk
Breakage of the propeller shaft of a recreational watercraft, as a result of which the recreational craft (including the propeller shaft support and propeller blades) is damaged or destroyed.

Slipway risk
Lifting the insured object out of the water to place it on a slipway, or lowering it into the water from a slipway, resulting in the insured object being damaged or destroyed.

Berthing risk
Damage to or total loss of the Insured Object whilst berthed, resulting from a collision with a berth or pontoon, including as a result of a Natural disaster.

Theft risk
Theft or attempted theft, whether by stealth or openly, of the Insured Object, any part thereof, Standard Equipment or insured Additional Equipment.

Robbery risk
Robbery or attempted robbery of the insured object, its parts, Standard or insured Additional Equipment, involving violence or the threat of violence.

Risk of unlawful acts by third parties
Intentional, malicious acts by third parties resulting in damage to or destruction of the Insured Object. The following are not considered Third Parties: the Policyholder, the Insured, the Beneficiary, the authorised user of the recreational craft, including the lessee and sub-lessee, and the employees or authorised representatives of all the aforementioned persons, as well as their relatives up to the third degree, spouses, and persons related by marriage up to the second degree.

Transportation risk
Damage to or destruction of the insured object as a result of a road traffic accident, i.e. in road traffic or in another location where motor vehicles may be driven, a collision has occurred with another vehicle, an obstacle, a pedestrian, an animal or another object, as well as the overturning of a moving motor vehicle, falling (from a bridge, etc.), sinking or breaking through the ice, or the occurrence of any of the basic risks during the transport of the insured object by motor vehicle on a special trailer intended for the carriage of watercraft, as well as when the insured object is lifted out of the water for placement on a special trailer, or lowered into the water from a special trailer.

High-speed risk
Driving the Insured Object, the maximum design speed of which as specified by the manufacturer exceeds 17 knots, at a speed exceeding 31.484 kilometres per hour (17 knots), resulting in the insured object being damaged or destroyed upon the occurrence of any of the insured basic risks.

Competition risk
Damage to or destruction of the Insured Object, upon the occurrence of any of the basic risks, whilst the Recreational Watercraft is participating in amateur-level competitions.

Training risk
Damage to or total loss of the Insured Object, upon the occurrence of any of the basic risks, whilst using the Insured Object for the training of recreational craft operators.

Rental risk
Damage to or loss of the Insured Object arising from any of the basic risks whilst the Insured Object is transferred to a third party for use in return for payment (rental).

Equipment towing risk
Use of the Insured Object to tow any type of water ski, wakeboard, kite or other equipment, by attaching it to a cable, rope or other fastening, as a result of which, upon collision between the equipment and the Insured Object, the Insured Object is damaged or destroyed.

Rapid response vehicle risk
Damage to, destruction of or loss of the Insured Object arising from any of the basic risks whilst the Insured Object is being used for rapid response activities in accordance with the Operational Activities Law.

Commercial activity risk
Damage to, destruction of or loss of the Insured Object as a result of any of the basic risks, if the Insured Object is used for the performance of commercial activities which is carried out by a trader in their own name for the purpose of making a profit, for example, but not limited to, the carriage of passengers or goods for hire or reward, the performance of special work at the request of third parties, or the transfer of the Insured Object to the charterer for actual possession for a specified period.

Insurance cover is valid within the territory specified in the insurance contract, which may be Latvia, the Baltic States or Europe, their internal waters and territorial seas.

In the event of a potential insured event, please inform BTA of the incident immediately, as soon as possible, by completing the claim form on My BTA via the homepage. If you have any questions, please contact us via our 24-hour customer service line on +371 26 12 12 12.