Marine insurance can cover costs if the ship or the cargo on a ship becomes damaged, either by the vessel sinking or suffering any other type of damage. Ships can include sailboats, yachts, houseboats, commercial vessels, barges, fishing vessels, personal Watercraft (PWC), and rental boats. For commercial vehicles that are carrying cargo, the policy may encompass a variety of insurance coverages designed to protect merchandise, goods, workers, passengers and crews aboard shipping vessels and cargo storage during marine transport domestically or abroad.
Marine insurance also covers other stages of an ocean marine shipment, including land or air transportation connected to the marine shipment. In some cases, and for various reasons, the insurance company may deny a policyholder’s claim. Often times a boat insurance company may not properly investigate a claim, which may lead to an inaccurate assessment of coverage. They may claim that the cause of an accident is not covered under the policy or falls under an exclusion.
At Benrubi Law, we have extensive experience working with clients who were denied payment, or offered a settlement that is unreasonably low, and have succeeded in recovering the compensation to which our clients were entitled. We are dedicated to protecting policyholders and our marine insurance litigation lawyers will negotiate on your behalf and litigate your claim so that you receive all the financial benefits you deserve.