§ 1966 Marine Insurer Liability Expenses

This law says a marine insurance company must pay, up to the policy limit, for the costs of saving and re‑shipping cargo that gets damaged at sea.

Key Takeaways

•The insurer’s duty to pay includes discharge, storage, re‑shipment, extra freight, and any other costs needed to save the cargo.
•Payment is limited to the amount of insurance coverage.
•This liability is in addition to any other liability the insurer already has under section 1965.

Example

A ship's cargo gets water‑logged during a storm and has to be taken off the ship, stored, and sent on another vessel.

The insurer has to cover the fees for taking the cargo off, keeping it safe, and paying the extra shipping costs, as long as the total doesn’t exceed the amount of insurance on the cargo.

In addition to the liability mentioned in section 1965, a marine insurer is liable, up to the amount insured, for damages, expenses of discharging, storage, reshipment, extra freightage, and all other expenses incurred in saving cargo reshipped pursuant to section 1965. (Enacted by Stats. 1935, Ch. 145.)

This law says a marine insurance company must pay, up to the policy limit, for the costs of saving and re‑shipping cargo that gets damaged at sea.

Key Takeaways

•The insurer’s duty to pay includes discharge, storage, re‑shipment, extra freight, and any other costs needed to save the cargo.
•Payment is limited to the amount of insurance coverage.
•This liability is in addition to any other liability the insurer already has under section 1965.

Example

A ship's cargo gets water‑logged during a storm and has to be taken off the ship, stored, and sent on another vessel.

The insurer has to cover the fees for taking the cargo off, keeping it safe, and paying the extra shipping costs, as long as the total doesn’t exceed the amount of insurance on the cargo.

Key Takeaways

Example

Key Terms

References

§ 1966 Marine Insurer Liability Expenses

Key Takeaways

Example

Key Terms

References

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References