In Marine insurance indemnity as provided by the Marine Insurance Act for unvalued policies e.g., in the case of total loss of hull, the actual market value of the vessel. (In practice a valued policy is always issued).
The Rantings of the barely human.
In Marine insurance indemnity as provided by the Marine Insurance Act for unvalued policies e.g., in the case of total loss of hull, the actual market value of the vessel. (In practice a valued policy is always issued).