For vessels used strictly for private pleasure purposes, it provides
coverage for:

Loss or damage to your boat, as well as outboard motors
and other accessories caused by almost any type of loss
as specified. Some main ones are collisions, fire,
theft or sinking.

Sums which you may become legally liable to pay
for, such as bodily injury to another person and/or
damage to any other vessel or property and arising
out of accidents occurring during the period for which
your vessel is insured. (subject to an agreed limit).