Florida and Louisiana Marine & Boat Insurance Claims Attorney
Marine or boater’s insurance policies provide protection for boats or marine vessels and their components such as hull, engine, and other equipment from perils such as collision, sinking, hurricane, or fire. However, insurance companies typically exclude coverage for damages resulting from mechanical breakdown, corrosion, pre-existing damage, wear and tear, and deterioration, which can make it challenging for policyholders to determine what damages are covered and which damages are excluded under their policy.
Steps to Take After Boat Damage
In the event of damage to a boat or marine vessel, the policyholder should immediately report the loss to their insurance carrier and carefully document the damage by taking photos and video of the vessel, its equipment, and any other damages. The policyholder should also retain any receipts, invoices, and other documentation related to repairs, towing, or storage expenses incurred as a result of the loss.
An insurance adjuster will typically be sent to inspect the damage and assess the loss. However, it is important to keep in mind that the insurance adjuster works for the insurance company and their goal is to minimize the amount paid out on a claim. It is therefore crucial to have an experienced team of advocates, like Parrish Law, to represent you and advocate for your rights during the claims process.
One of the challenges with marine or boater’s insurance claims is determining whether damages are covered under the policy. In many cases, the policy will only cover damages resulting from specific perils, such as a collision or a hurricane, and not damages resulting from wear and tear or mechanical breakdown. Policyholders may also face difficulties determining the extent of coverage for damages caused by a peril that is covered by the policy but also results in damages that are excluded by the policy.
Moreover, marine insurance claims often require the use of expert witnesses, such as marine surveyors, to determine the cause and extent of the damages. These experts can also provide an estimate of the cost of repairs and other expenses related to the loss. Parrish Law maintains access to a network of qualified expert witnesses to assist in the claims process and ensure that policyholders receive the compensation they deserve.
Another challenge with marine insurance claims is that policyholders may encounter delays and difficulties in obtaining payment for their claim. Insurance companies may require extensive documentation and proof of loss before agreeing to pay out on a claim, and they may also try to undervalue or deny the claim altogether. In such cases, an experienced insurance attorney, like Parrish Law, can help policyholders understand their rights and options, and negotiate with the insurance company to obtain the best possible outcome for their claim.
Contact Parrish Law Today for a Free Consultation
In conclusion, marine or boater’s insurance claims can be complex and challenging, particularly when it comes to determining the extent of coverage for damages caused by specific perils and exclusions for wear and tear or mechanical breakdown. Policyholders should immediately report any loss and carefully document the damage, and consult an experienced insurance attorney, like Parrish Law, to represent their interests and ensure that they receive the compensation they deserve.