Watercraft and Yacht Policies, Inland Marine

The workers compensation plan covering land based maritime workers is called: 1 US Long Shore and Harbor Workers Compensation Act 2 The Jones Act 3 The Federal Employers Liability Act 4 The Federal Employees Compensation Act

1 US Long Shore and Harbor Workers Compensation Act Those that load, unload, build and repair ships are covered by the US Long Shore and Harbor Workers Act. The key word in the question was "land based." Maritime workers out at sea would be covered by the Jones Act.

An insured's boat is struck by another boat. He and his family are injured. His boat sinks because of the damage. An investigation determines that the party that caused the accident is not insured. If the insured carries a watercraft policy, what coverages would apply? 1 Liability coverage 2 Medical payments 3 Uninsured boater's coverage and hull insurance 4 Uninsured boater's coverage

3 Uninsured boater's coverage and hull insurance The standard watercraft policy provides uninsured boaters coverage. This coverage only pays for the bodily injuries of the insured and his family. The damage to the insured's boat must be covered under the hull insurance.

A ship has negligently collided with another ship and caused severe damage. What coverage would apply to cover this claim? A. Hull insurance with the "running down clause"; B. Protection and Indemnity; C. Inchmaree clause; D. Towage clause

A. Hull insurance with the "running down clause"

Under a watercraft or yacht policy how claims are settled?

Actual cash value Like physical damage coverage on an auto policy, the watercraft and yacht policies provide for the adjusting of physical damage losses to covered property on an "actual cash value basis".

The Jones Act:

Allows members of crews to sue the shipowner for injuries caused by the shipowner's negligence. Explanation: The Jones Act in effect countermands any Workers compensation for ships' crews. Dock workers are covered under their own separate act.

The commercial inland marine coverage form known as the jewelers block excludes loss resulting from: 1 I, II and III 2 I and II only 3 I and III only 4 II and III only

I, II and III. These are some of the basic exclusions found in the jewelers block policy.

In the ocean marine insurance, which of the following is considered to be the most important implied warranty? I. Seaworthiness. II. Condition of the cargo. III. Legality. 1 I only. 2 I and II only. 3 II and III only. 4 I and III only.

I. Seaworthiness. All of the responses are implied warranties in ocean marine insurance. The most important is considered to be the seaworthiness of the vessel.

The workers compensation plan covering land-based maritime workers is called?

The workers compensation plan covering land-based maritime workers is called? The US Long Shore and Harbor Workers Compensation. Explanation: Those that load, unload, build and repair ships are covered by the U.S. Long Shore and Harbor Workers Act. The key word in the question was "land-based". Maritime workers out at sea would be covered by the Jones Act.