Card Set Information
Sue and Labor Charges
Expenses incurred by the insured to take reasonable measures to prevent damage or injury.
A boat means renting it.
Level of care that is reasonable, including recognizing precautions.
Master and/or Captain
Used interchangeably. They refer to the person responsible for the navigation, operation, and safety of the watercraft and crew.
Examines everything that might be physically wrong with a vessel.
Statements concerning the conditions and use of the watercraft to be insured, which are made for the purpose of permitting the underwriter to evaluate a risk.
Condition and Value Survey
Establishes the current condition of the hull machinery and equipment and establishes a current market value and replacement value.
Is understood rather than written.
A measurement of speed in watercraft that equals 1.15 miles per hour.
Protection and Idemnity
A marine coverage that includes bodily injury and property damage.
A coverage that provides funds to remove the remains of watercraft from the waterways after a loss
US Longshore & Harbor Workers' Compensation Act
Provides essentially the same protection to maritime workers that workers comp provides
Is written in the policy.