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What is the coverage under CCGA insurance for theft and vandalism of a CCGA owned vessel?

April 26, 2017ccga coverage Insurance theft vandalism vessel

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What is the coverage under CCGA insurance for theft and vandalism of a CCGA owned vessel?

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Generally, coverage would be provided under CCGA Hull & Machinery insurance to the value declared to insurers for the vessel, to the policy limit with a deductible of 1% of the value declared to the insurer, subject to a $1,000 minimum deductible.