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Introduction to Yacht Insurance Yacht insurance is a specialized form of marine coverage designed for sailing vessels that cater to the unique needs of larger, more valuable boats. The term yacht is not universally defined, but generally, it refers to boats measuring at least 30 feet in length. Yachts are
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What is a Valued Marine Policy? A valued marine policy refers to an insurance coverage where the insured property, like a shipping vessel or cargo, is assigned a specific monetary value prior to any loss event. The insurer and insured agree on this valuation beforehand, ensuring that there are no
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Introduction to Maritime Law Maritime law, also known as admiralty law, is an essential yet often overlooked legal framework that governs various aspects of private maritime business and nautical matters on open water. This independent body of laws, conventions, and treaties addresses disputes or offenses arising from the use of
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