My customers often ask me to explain umbrella coverage to them. If you have an auto and home policy, umbrella coverage can provide you with extra coverage on top of your existing auto and home policies, in areas where your limits are set. This can help supplement your existing policies to provide additional personal liability protection. If there’s anything you don’t understand about your coverage, I’m here to help.
Construction Risks During the period of the construction of a vessel, it may be insured with an insurance company familiar with handling of such insurance. Due to the fact that a Ship-owner's Yard is essentially a static, non-marine risk, it is possible that basically non-marine insurer will take on the risk of covering a vessel while it is under construction, but generally it is unsatisfactory. Cover will be required for a whole period of construction, which may last for two or three years and as the builder frequently accepts responsibility for the launching of the vessel, its tests, sea-trials and possibly its delivery voyage, builder's risks policies issued in the marine market include full marine cover accordingly. The Institute Clause for Builders' Risks provides a comprehensive form of cover in this respect. Cover can be extended to include War risks but due to the operation of the "Waterborne Agreement"; the vessel is only insured while she is waterbo...

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