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Tag "Insurance"

Owners try to drive down costs of superyacht insurance policies

Owners try to drive down costs of superyacht insurance policies

Superyacht insurance companies need to show the value of their offering or risk a race to the bottom on fees according to a panel gathered at this weeks Superyacht Investor London 2016 conference. The insurance offering used to be the

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The risks of over insurance: M/Y GALATEA

The risks of over insurance: M/Y GALATEA

Andrew Spyrou, Holman Fenwick Willan, considers the recent case of Riva’s M/Y GALATEA, which was destroyed by fire in an Athens Marina.  The owners sought €13 million from the insurers of the vessel as she was a constructive total loss, but

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How good claims can be invalidated

How good claims can be invalidated

Richard Hugg, Ince & Co, explains how good claims can be invalidated by passing false information to your insurer. In a 2014 judgment of considerable significance (Versloot Dredging BV v. HDI Gerling and others (DC Merwestone), the English Court of

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