May 31, 2024
A Florida federal court declared a yacht owner's marine insurance policy void from inception, saying the owner, who was seeking coverage for a 2023 boat fire, materially misrepresented the price of the vessel.
May 13, 2024
A Florida federal judge has allowed part of an insurer's countersuit to continue in a yacht owner's dispute over coverage for a 2023 boat fire after the insurer denied the company for allegedly misrepresenting boat prices.
October 02, 2023
A yacht owner's misrepresentation of a boat's purchase price voids its marine insurance policy, its insurer told a Florida federal court, explaining why it could not cover a February fire on the 2021 vessel that rendered it a total loss.