原文传递
Insurance Watch
| 题名： | Insurance Watch |
| 正文语种： | eng |
| 作者： | Chris Richmond |
| 摘要： | Your commercial vessel's insurance policy actually consists of two separate policies - the hull policy and the protection and indemnity policy. While the actual hull and P&I policies typically consist of accepted insurance forms, underwriters always add additional terms and conditions. These are worth noting because they can significantly affect your policy. Take a look at the last few pages of your policy to read these special terms and conditions. They vary by insurance company, but here are a few to keep an eye out for: 1. Commercial vessel use warranty. This stipulates that there is only coverage for what has been declared on the policy for the vessel's commercial usage. If you operate as a passenger vessel but decide to do some commercial fishing, be sure to notify your agent that your commercial use warranty needs to be amended. 2. Lay-up warranty. If you do not operate your vessel year-round, you can get a premium break by adding a lay-up warranty. But if you operate your vessel during this period no coverage will apply should you need it. Lay-up warranty differs slightly from company to company but basically your boat needs to be in a state of decommission and not used for any purpose during the lay-up period. |
| 出版年： | 2021 |
| 期刊名称： | Work Boat |
| 卷： | 78 |
| 期： | 4 |
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