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Pls tell meaning of the clause in marine insurance lost or not lost clause?
Wiki User
∙ 12y ago
In Insurance to ensure something lost or not lost it means if neither you the assured nor the insurer are aware of a loss at the time of effecting the insurance IE drawing up the policy you the assured can claim on the insurance.But if you don't have interest at the time of effecting the insurance you cannot claim once you are aware of the loss it will be unfair to the insurer to allow the insured create insurable interest once he knows about the loss because practically it is possible to create such an interest.As such the extent of the interest should be demonstrated by the insured.
Wiki User
∙ 12y ago
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Does a marine get lost?
A marin never gets lost a marine only gets georgrphicly disorientated
What is a lose payee and a mortgage payee?
In order to preserve the interest of the Lender, a lost payee clause is added onto the insurance policy. This indicates the list of people who are interested in the property but are not policy holders. This is similar to the mortgage payee clause between the owner and the buyer.
Have we lost the true meaning of Christmas?
Yes! Now instead of celebrating when Jesus Christ came into the world, people are more interested in presents and Santa Clause!
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The United States Marine Corps has never lost a major battle in its history.
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Whether lost cash is covered by insurance depends onwhether the insurance policy either says it covered, or says it is not covered.
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4th Marine Regiment
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Lost, No. Loosing an item is not a covered cause. There is a way of covering expensive item on a homeowners policy. This is by listing them on an Inland Marine Floater. There are all kinds of items you can list on these floaters: Jewelry, Furs, Art, Guns, Camera Equipment, Computer Equipment, Coin Collections, etc. The benefit of listing items like this is that they are at an agreed upon value, there is no deductible, and they are covered for "mysterious disappearance", meaning lost, stolen but no evidence of break in, etc.
I have lost my insurance company documents and cannot remember the name of the company?
I have lost my insurance documents for my vehicle and cannot remember the name of the company how can i find out the insurance company name.
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Dentures are something that is generally covered under your Health Insurance policy.
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In order to replace your lost insurance card you will need to contact your insurance company. Their contact information is typically found on the back of the card, but if the card has been lost, it is probably best to go the insurance company's home page to get their contact number.
What is the meaning of the lost son?
the son who is lost!!
