CloggieBoots
New Member
Hi all,
I'm new to this forum and don't really know where this post belongs, so excuses if it is the wrong forum ?! and I'll try to make a long story short about marine insurance.
Our overseas company owns a boat, flagged and registered since 1996 overseas. Marine insurance premium paid by us. In sept. 2004 the boat was damaged, flashflood of the river. Insurance company agreed on a constructive total loss and paid full amount to our 43% shareholder, who claimed to be owner of vessel and is keeping the full payout.
Insurance declaration page: Insured - shareholders name and/or company president's name.
Which way is the best way to fight this?
Thank you
CB
I'm new to this forum and don't really know where this post belongs, so excuses if it is the wrong forum ?! and I'll try to make a long story short about marine insurance.
Our overseas company owns a boat, flagged and registered since 1996 overseas. Marine insurance premium paid by us. In sept. 2004 the boat was damaged, flashflood of the river. Insurance company agreed on a constructive total loss and paid full amount to our 43% shareholder, who claimed to be owner of vessel and is keeping the full payout.
Insurance declaration page: Insured - shareholders name and/or company president's name.
Which way is the best way to fight this?
Thank you
CB