Claims guidance for boats–Part II
After the claim form, estimates and Surveyor’s report are reviewed, the insurer will report to the Underwriters. You will then be advised of their response. Once the estimate is approved, you may proceed to repairs. The boat owner is responsible for arranging and paying for the recovery and repair of your boat, and checking the repair work. Further damage or delays are not covered by insurance. After the repairs are finished, the paid invoices should be submitted to the insurance company, after which the reimbursement will be arranged.
If a third party makes a claim against you, do not assume liability either verbally or on paper, or reach an agreement with the third party without seeking the approval of the insurer.
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