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A co-insurance, which typically governs non-proportional treaty reinsurance, is an excess expressed as a proportion of a claim in percentage terms and applied to the entirety of a claim. Co-insurance is a penalty imposed on the insured by the insurance carrier for under reporting/declaring/insuring the value of tangible property or business income.
Uniflite also built commercial fishing boats, and sailboats besides the more widely recognized pleasure boats. In 1977, Uniflite acquired boat molds from Pacemaker Boat Co. Pacemaker Boat company was founded in 1949 by Charles Platt (C.P.) Leek in New Jersey from his company C.P. Leek & Sons, Inc. [ 3 ] who also later established Egg Harbor ...
The Wilburn Boat Company had been operating the Wanderer as a commercial carrier, and the vessel had been sold and transferred by the Wilburn's in their personal capacity to the Wilburn Boat Co. Furthermore, the vessel had been pledged as collateral on two occasions; once to Citizen's National Bank and then to J.F. and J.H. Wilburn, jointly.
In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in ...
Boat insurance rates typically equal 1.5 percent of the boat’s insured value, though this figure can fluctuate greatly depending on the company and your location. Other expenses to keep in mind ...
Boat insurance: It typically costs around 1 to 5 percent of the boat’s value. So, using the example above, the average annual cost of insurance for a $20,000 boat would be between $200 and ...
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