Coverage for the Insured Vessel is extended to provide Total Loss guaranteed replacement cost, irrespective of the Amount of Insurance shown for Hull & Machinery on the Declaration Page(s), subject to the following conditions:
In the event of a payable loss under this Policy that is considered to be the first claim from original Policy inception, you will not be surcharged for this first claim on subsequent renewals.
This only applies:
© 2023 Wyatt Dowling Insurance Brokers. All Rights Reserved. Wyatt Dowling is a division of Western Financial Group