As a company, Pequod Associates have an experienced team of dedicated professionals who offer comprehensive services to assist clients navigate the complex world of marine insurance claims. We provide tailored solutions that meet each client's unique needs, from initial assessment to final settlement. ...
12.Settlement: If the claim is approved, the insurer will make a settlement payment to the insured party. The payment may cover the cost of repairs, replacement value, or compensation for the loss, depending on the policy terms. Conclusion Marine insurance policies or certificates are essential ...
Unfortunately, although the damages may look the same regardless of the source, the causes and circumstances of the fire may become painfully relevant during the resolution of the insurance claim. Depending on the coverage that is carried, some losses may be excluded under the terms of the policy...
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With coordinated access to the global marine insurance marketplace, we aim to provide cost effective risk solutions to support your needs. Market analysis Insightful market selection based on settlement performance, loss prevention and emergency response as well as financial security. ...
of Marine Insurance Claims for Insurers and consignees alike through prompt Correspondence, Survey Reports, Insurance Coverage Analysis, Sharp Loss Mitigation, Immediate Rights Protection, and successful submission of all required and mandatory Insurance Claim documents resulting in quick resolutions of ...
insurer, authorised and regulated by the FCA (Financial Conduct Authority), and is designed for the specific purpose of insuring your move from start to finish. The cover is short term, inexpensive and does not affect the claims record on your household insurance should a claim need to be ...
To carry out the settlement of a General Average claim, all freight must be held/detained and then the following takes place: The value of the voyage is determined (vessel value plus the value of all cargo on the vessel). “Participation” is determined (the percentage that the value of ...
This inspection and investigation is conducted to demonstrate or determine the extent and cause of a reported casualty. The resulting report may be used for claim indemnification or protestation. Normally, this inspection is required to assist in the insurance claims settlement process and could include...
Article 42 Units or individuals who have suffered damage caused by marine environmental pollution shall be entitled to claim compensation from the party which caused the pollution damage. Disputes over the compensation liability and the amount of compensation may be settled by the competent authorities....