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To: Alberta's Child

Any thoughts as to insurance, etc? When such a major structure is destroyed, does the ship’s insurance pay to reimburse the cost of reconstruction, etc?


347 posted on 03/26/2024 4:19:51 AM PDT by Fury
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To: Fury

This will be a massive insurance claim. The process for underwriting maritime insurance policies and spreading risk among multiple insurance carriers is a complex and specialized one. This is the type of insurance coverage you don’t buy from your local Allstate agent, but from giant international companies like Lloyd’s of London.


396 posted on 03/26/2024 4:49:03 AM PDT by Alberta's Child (If something in government doesn’t make sense, you can be sure it makes dollars.)
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