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BOAT /MARINE INSURANCE

MARINE INSURANCE covers the loss/damage of ships, cargo, terminals, and includes any other means of transport by which goods are transferred, acquired, or held between the points of origin and the final destination.

There are two basic types of BOAT INSURANCE —“agreed value” and “actual cash value.” How depreciation is handled is what sets them apart. An "agreed value" policy covers the boat based on its value when the policy was written.

For more information, please contact us.




 

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