Marine insurance to provide loss or damage cover, third party cover and passenger liability cover for all types of small vessels used for private purposes or carrying passengers for hire. They include yachts, sailing dinghies cabin cruisers, motorboats, houseboats. speedboats, skiffs, etc. In some cases, a standard clause (e.g. Institute Yacht Clauses) may be used. Cover for some vessels can be added to a household policy.