Marine Insurance

Ships and boats can be incredibly expensive, and the cargo and equipment on board can be the same. To cover for the cost of this loss, the owners may secure marine insurance. Marine insurance can cover costs if the ship or the cargo on a ship becomes damaged, either by the vessel sinking or suffering any other type of damage.

Tampa Marine Insurance Lawyer

If your marine insurance fails to sufficiently pay a claim or denies a claim altogether, an experienced Tampa marine insurance lawyer can represent you to the company and, if need be, in court. Michael B. Germain can represent you if you are a marine insurance policy holder. He can negotiate with the insurance company to seek to recover your losses. Call today at (813) 835-8888 to set up a consultation.

The Germain Law Group represents clients throughout Florida, including in Hillsborough, Pinellas, Polk, Citrus, Hernando, Sumter, and surrounding counties. 

Marine Insurance Info

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What Marine Insurance Covers

Marine insurance may cover both vessels and the cargo on them. Ships can include:

  • Yachts
  • Sailboats
  • Barges
  • Commercial Vessels
  • Tugboats
  • Personal Watercraft (PWC)
  • Houseboats
  • Fishing vessels
  • Rental boats

For commercial vessels carrying cargo, the insurance policy may also cover the cargo on board. This will depend upon the specific policy.

Extreme weather events and accidents may cause a vessel to sink off the Florida coast. In the event of a vessel sinking, marine insurance is intended to cover the loss of the ship.

A ship may also be damaged. Marine insurance is intended to pay for the cost of repairs. In some case, when the cost of repairs exceeds the value of the ship, it may be written off as a total loss.

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Denied or Underpaid Marine Insurance Claims

In some cases, the insurance company may deny a policy holder’s claim. They may claim that the cause of an accident, whether a storm or error of the crew, is not covered under the policy or falls under an exclusion.

The insurance company may also offer payment that is far below the actual value of the damages.

An insurance attorney can represent you to the marine insurance company. Your lawyer will negotiate with them to seek a higher amount. If they fail to offer a satisfactory amount, he can bring them to court.

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 Finding a Marine Insurance Lawyer in Florida

Michael B. Germain can fight for your recovery if you are having difficulty with any claim on your marine insurance policy. He is experienced with all type of marine insurance law and can assist you in obtaining full recovery for your loss, whether for damage or for a vessel sinking. Contact the Germain Law Group today at (813) 835-8888 to schedule a consultation.