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Insurance Claims
Yacht insurance policies can be complicated. By the time a vessel owner is at the point where a claim is made under a yacht insurance policies, frustrations with the problems or damages complained have already reached a boiling point.
In many cases, insurance companies attempt to deny claims by arguing to vessel owners or crew members that the problem complained is a “latent defect” and thereby not covered by the policy. Understanding the specific terms of your yacht’s insurance policy is therefore critical in determining your rights and remedies.
Depending on the type of coverage you have for your vessel, you may be entitled to make a claim for loss or damage caused as a result of a latent defect. These claims can sometimes be difficult and costly to prove because in most cases, the cause of the damage or loss is not determined with specificity or is otherwise assigned some general cause that does not meet the “latent defect” threshold.
The attorneys at MarineLawyers.net can assist you in selecting the best type of insurance policy for your needs and vessel as well as assist you in determining your rights under your policy when your vessel suffers damage loss.
Don’t let the Insurance company deter you
from making a legitimate claim under your policy.
Let the attorneys at MarineLawyers.net assist you
in understanding your rights and remedies
under the vessel Insurance policy
you have paid substantial amounts to obtain!
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