TravelTalkOnline Forums Travel and Vacation Forums British Virgin Islands Pays to read your insurance policy

After losing our Lagoon 400 to Irma we received our insurance settlement in January. On the declaration document there was a deductible for windstorm (5 % of hull ) so we were quoted a settlement minus the deductible. When I read the Policy there was a paragraph that stated if the yacht was a constructive total loss the deductible would be waived. Long story short after a few phone calls and emails we were paid the deductible on a separate wire transfer.
READ YOUR POLICY

Same goes for homeowners and if you don't understand the clause ask that it be in simple English.