| Maritime law broadly defines the
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| | passengers and other people who could
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| responsibility of charterboat operator as
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| | have suffered personal injuries or
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| being responsible for all damages
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| | property damage caused by your vessel.
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| resulting from
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| | The basic clauses you should consider are
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| ââ¬Å"negligenceââ¬Â.
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| | the following:
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| This all-encompassing definition leaves
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| | Coverage limit
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| the operator exposed to the possibility
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| | How much is your business worth? A wise
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| of costly and endless court cases.
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| | agent will tell you, the best coverage
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| This why the value of selecting a
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| | limit is one that you can get. It does
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| charterboat insurance policy which
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| | make sense since marine P&I policy covers
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| protects your legal rights, property and
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| | you on a per incident basis, not for each
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| that ensures damages to your boat are
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| | person.
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| reimbursed, can not be underestimated.
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| | Shore excursion
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| How can you identify which components
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| | If your insurance policy
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| should be in your policy? First, identify
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| | doesnââ¬â¢t have this clause,
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| all your business activities and the
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| | your passengers are not insured once they
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| risks involved in operating your
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| | get off your boat.
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| charterboat business. This information
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| | Crew coverage
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| will help you decide the types of
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| | You must pay coverage for each
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| components, the range, and amount of
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| | crewmember, or you will be liable for the
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| coverage needed.
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| | uninsured crewmembersââ¬â¢
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| Hull and Machinery Clause
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| | injuries in the performance of their
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| This refers to the coverage of the
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| | duties.
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| vessel, and all itsââ¬â¢
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| | Passenger medical payments
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| parts. Itsââ¬â¢ main purpose
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| | A good clause to have, for
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| is to quickly get your business and boat
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| | youââ¬â¢re protected from
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| operational after accidents. If you
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| | irate passengers who even if they have
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| afford to pick a policy, which covers the
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| | suffered minor injuries, will file for
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| following damages your charterboat, can
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| | big damages.
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| sustain:
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| | Personal effects
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| ÷ Combustion, sinking or
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| | The loss of clothes, fishing equipment or
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| collision of your boat. ÷ Deck
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| | cameras might seem a minor inconvenience,
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| machinery, boat engines, and electronics.
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| | but not to the passenger who suffered the
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| ÷ Coverage for an engine that
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| | loss. This clause ensures that you are
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| breaks.
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| | properly covered and your
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| However, the following are not included
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| | passengerââ¬â¢s leave happy.
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| in the hull and machinery component:
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| | However, talk to your agent so that you
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| Damage to your engine due to
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| | know what items are covered in the
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| inappropriate use or neglect, wear due to
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| | personal effects clause and if these are
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| every day use of the boat or
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| | appropriate to include.
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| reimbursements because your engine broke
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| | Remember, the right charterboat insurance
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| down.
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| | policy for you is one that insures both
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| Protection and Indemnity (P&I) Clauses
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| | your boat and charterboat business.
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| These clauses enable you to pay
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