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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE: 

Demonstrate knowledge and understanding of the insurance of pleasure craft 
SAQA US ID UNIT STANDARD TITLE
120008  Demonstrate knowledge and understanding of the insurance of pleasure craft 
ORIGINATOR
SGB Insurance and Investment 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 4  NQF Level 04  3 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 		 2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2026-06-30   2029-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard replaces: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
10374  Describe the insurance of watercraft  Level 4  NQF Level 04  5   

PURPOSE OF THE UNIT STANDARD 
This Unit Standard provides an introduction to the insurance of pleasure craft. It is intended for learners in Short Term and Retail Insurance and will be useful for learners in transportation insurance and learners who market personal insurance.

The qualifying learner is capable of:
  • Explaining basic cover in a pleasure craft policy.
  • Explaining extensions to and exclusions from cover under a pleasure craft policy.
  • Assessing the risk associated with pleasure craft.
  • Explain liability related to pleasure craft. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Learners should be competent in Communication and Mathematical Literacy at NQF Level 3. 

    UNIT STANDARD RANGE 
    The typical scope of this Unit Standard is:
  • Pleasure craft and private pleasure craft excluding commercial hulls used on inland waterways and international sailing.
  • Type of craft includes power boats, rowing boats, yachts, water-skis, rubber dinghy, sailboard, jet skies and canoes.
  • Effect of use includes private, racing and commercial.
  • Implied terms include seaworthiness and sound order.
  • Cover includes local and international cover.
  • Risks covered include risks associated with equipment, hull, and additional extensions, hi-jacking and theft.
  • Multimark(TM) and/or other policy wordings. 
    		•

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Explain basic cover in a pleasure craft policy. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The type of craft insured under a pleasure craft policy are named with examples. 

    ASSESSMENT CRITERION 2 
    The effect of the use of the craft is explained with examples. 

    ASSESSMENT CRITERION 3 
    The type of cover offered with pleasure craft insurance is named and an indication is given of the risks that are covered with reference to a specific policy. 

    ASSESSMENT CRITERION 4 
    Reasons why certain insured perils are excluded from a policy are explained using case studies. 

    ASSESSMENT CRITERION 5 
    The standard limit of liability is identified for a specific policy. 

    SPECIFIC OUTCOME 2 
    Explain extensions to and exclusions from cover in a pleasure craft policy. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The additional equipment carried on two different types of pleasure craft with reference to extensions that would be required for inland and sea going vessels. 

    ASSESSMENT CRITERION 2 
    Possible extensions to cover are investigated for three different insurers. 

    ASSESSMENT CRITERION 3 
    A policy document is analysed, implied terms are identified and an indication is given of the implications of the implied terms to the policy. 

    ASSESSMENT CRITERION 4 
    Standard exclusions are identified in a specific policy and an indication is given as to which exclusions could possibly be covered as an extension under negotiated circumstances. 

    ASSESSMENT CRITERION 5 
    The SASRIA cover for pleasure craft is explained with reference to territorial limits. 

    ASSESSMENT CRITERION 6 
    Additional cover required outside of South Africa's territorial limits is presented as an option to the client. 

    SPECIFIC OUTCOME 3 
    Assess the risk associated with pleasure craft. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The criteria used to assess the risk on pleasure craft are explained with reference to use of vessel, experience of crew, other users, type of craft, geographical limits, age of vessel, seaworthiness of the craft, security and storage. 

    ASSESSMENT CRITERION 2 
    The effect of type of construction is explained with reference to premium and cover. 

    ASSESSMENT CRITERION 3 
    Pleasure craft regarded as a high risk are named and reasons why they are regarded as a high risk are explained using two case studies. 

    SPECIFIC OUTCOME 4 
    Explain liability related to pleasure craft. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Cover required for water skiers is explained with reference to third party and passenger liability. 

    ASSESSMENT CRITERION 2 
    The insurance of trailers is explained with reference to the trailer's liability policy and the watercraft liability policy. 

    ASSESSMENT CRITERION 3 
    The parties covered by Third Party and Liability are compared for a specific insurer. 

    ASSESSMENT CRITERION 4 
    The process to be followed in submitting a liability claim is explained for a specific insurer. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    This Unit Standard will be internally assessed by the provider and moderated by a moderator registered by a relevant accredited ETQA or an ETQA that has a Memorandum of Understanding with the relevant accredited ETQA. 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    N/A 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    The learner can identify and solve problems using critical and creative thinking when making a decision to register a claim or appoint a surveyor and presenting options for extensions to cover to a client. 

    UNIT STANDARD CCFO COLLECTING 
    The learner can collect, organise and evaluate information by investigating possible extensions to cover for three different insurers, and applying product knowledge to register a claim. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner can communicate effectively by explaining the concepts contained in the standard. 

    UNIT STANDARD CCFO SCIENCE 
    The learner can use science and technology effectively in assessing the risk and processing a claim. 

    UNIT STANDARD CCFO DEMONSTRATING 
    The learner can demonstrate an understanding of the world as a set of related systems by recognising the effect of use on the craft, explaining why certain perils are excluded from a policy, understanding the implication of implied terms and assessing the risk associated with pleasure craft. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    This unit standard replaces unit standard 10374, which is "Describe the insurance of watercraft", Level 4, 5 credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  66609   Further Education and Training Certificate: Retail Insurance  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  As per Learning Programmes recorded against this Qual 
    Elective  66610   Further Education and Training Certificate: Short Term Insurance  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-07-30  As per Learning Programmes recorded against this Qual 
    Elective  57613   Further Education and Training Certificate: Short-Term Risk Management  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2012-06-30  INSETA 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    NONE 


    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.