by Andrea
Listed below are various types of specialist policy that exists:
Newbuilding risks: This hides the risk of damage to the hull all together as under construction.
Yacht Insurance: Insurance of recreation vehicle commonly known as “yacht insurance” and thus, comprises of liability treatment.
War risks: This type of policy protects, at an added premium, against the threat of defeat in a war zone. This was established by the London-based Joint War Committee, that was moved lately to contain the Malacca Straits as a battle risks area due to piracy.
Increased Value (IV): guards the ship owner opposed to any discrepancy between the insured worth of the vessel and the market price of the vessel.
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on Friday, March 28th, 2008 at 9:25 am and is filed under General Info.
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