The Boat Shed » Marine

House boat insurance basics

admin — Sun, 11 Dec 2011 22:51:52 +0000

... lose your lifeâ€™s savings and in the worse case scenario, and be forced to file for bankruptcy.

In the marine insurance industry, houseboats are categorized together with jet boats, ski boats, sailboats, cabin cruisers and ...

The loss or no loss policy in marine insurance

admin — Tue, 29 Nov 2011 15:42:40 +0000

... (because the owner does'nt know). To remove such confusions, this policy was formed.

WHAT IS THIS POLICY:
It is known as Marine Insurance Act (MIA) 1906.
Under this law:
(1)If the insurance was taken after the loss of the ...

The Different Kinds Of Insurance Available In South Africa

admin — Thu, 24 Nov 2011 18:17:57 +0000

... party. Payment is not usually made to the insured but to the person or party who has suffered the loss or damages.

Marine insurance covers the loss of or damage to ships at sea and their cargo as well as terminals and any other transport or ...

The difference between a bottomry bond and a respondentia bond in ancient ocean marine insurance

admin — Tue, 22 Nov 2011 17:43:02 +0000

... a loan have failed.

However neither the bottomry nor the respondentia bond is very important in today's ocean commerce.

Modern mortgage and lending practices and current insurance practices are better adapted to current needs.

The first modern insurance company – Part 1

admin — Tue, 22 Nov 2011 08:41:19 +0000

... poverty. By the middle of the 14th cent., as evidenced by the earliest known insurance contract (Genoa, 1347), marine insurance was practically universal among the maritime nations of Europe. In London, Lloyd's Coffee House (1688) was a place where ...

Marine insurance: Maritime perils explained

admin — Sun, 13 Nov 2011 11:36:47 +0000

Marine Insurance policies protect the assured against maritime perils. "Maritime Perils" mean perils consequent on, or incidental to, the navigation of the sea, that is to say, perils of the sea, fire, war perils, pirates and rovers, ...

Shipping Company Can Help You With Marine Insurance

admin — Sun, 25 Sep 2011 22:22:11 +0000

... company will issue you with a Certificate of Insurance, which you will have to produce should you to need to make a claim. When marine insurance cover has been taken out, the cargo owner only needs to have evidence of loss to make a claim, whereas ...

The difference between a bottomry bond and a respondentia bond in ancient ocean marine insurance – Part 1

admin — Tue, 16 Aug 2011 00:03:14 +0000

During those days when communication facilities did not exist, ships were heard or seen only on return from the voyage. The Masters of the ship had ultimate responsibilities of the ship.

A ship may require extraordinary expenditures in ...

Marine Insurance And Freight Forwarding

admin — Fri, 06 May 2011 06:27:40 +0000

... .

<b>Types of coverage<b>

There are essentially 4 types of marine insurance coverage:
<ul type=disc>
<li><b>Physical damage:</b& ...

Marine insurance: How to choose navigation territory for your boat

admin — Tue, 22 Feb 2011 22:11:37 +0000

If you need marine insurance, you will soon hear the term "navigation territory." The concept of the navigation territory is used by insurance underwriters to assign limits to the risk they assume. Consequently, the insured party must operate ...