Boat and Yacht Insurance requires an understanding of Insurance Policy Construction, Maritime Law and the unique policy limitations regarding the "seaworthiness" of a vessel. Michael Sapourn marries his background as an insurance expert to the legal research he conducts in order to make the best possible argument for coverage when the Hull Insurance Carrier declares your loss "Not Covered".
It's important that you follow the recommended maintenance guidelines for keeping the Hull intact and the engines in good working order. In addition, most insurance companies expect you to have a Hurricane Preparedness Plan that must be implemented when a named storm threatens your area. These are the best ways to preserve your rights under your policy in case the worst happens.
By definition, at the moment a vessel sinks, it becomes"unseaworthy". The requirement that your boat remain in a seaworthy condition can be found in virtually every Hull Insurance Policy. As a result, at the time you need your insurance the most, your Company is usually investigating the reasons your boat failed to remain afloat, looking for a reason to invoke its right to deny your claim.
Boats can be a source of great enjoyment, but they can also be at the center of events when a serious injury occurs. Knowledge of your policy's limitations and exclusions for personal injury is important when you engage in certain risky activities, such as skiing, wakeboarding or scuba diving. If an accident does occur, you need to know the vessel's liability insurance will cover the resulting claim.
If any of these issues sound familiar, you need a Maritime Attorney. Call Mr. Sapourn for a free consultation.