Assailing Thieves

  

Got a boat? Think it might get robbed in a forceful manner by someone who isn’t a part of your crew? Those crazy pirates are assailing thieves. Seriously. It sounds like we're setting up a long riff on Pirates of the Caribbean, but this is actually a term used in the world of insurance.

The good thing is your insurance will cover pirate-related loss (as an insured peril). Let’s just hope your assailing thieves don’t throw you overboard. In that case, you’ll need A-Sailing-Rescue. Bwahaha...yo ho, yo ho...

Find other enlightening terms in Shmoop Finance Genius Bar(f)