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Ship Owner’s Collateral Lie Did Not Negate Insurance Policy

Lying to your insurer is generally pointless. It is likely to invalidate your claim if the lie has a direct impact on your policy premium. In the case below however, a lie was told but it was a lie
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Fire Damaged $12 Million Ship a Total Loss

Insurers first job when a claim is made is to see how they can avoid paying out. This is the same for any type of insurance. Do not believe that insurers are there and happy to assist you when
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MLA 2017 18 Shortlisted 2