46 CFR 308.100 - Insured amount.

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Title 46: Shipping

CHAPTER II: MARITIME ADMINISTRATION, DEPARTMENT OF TRANSPORTATION

SUBCHAPTER G: EMERGENCY OPERATIONS

PART 308: WAR RISK INSURANCE

Subpart B: War Risk Hull and Disbursements Insurance

308.100 - Insured amount.

An applicant for war risk hull insurance shall state the amount of insurance desired but any payment of claim for damage to or actual or constructive total loss of the vessel insured shall be made as provided in ? 308.103(a). An applicant desiring disbursements insurance may at his option obtain such additional insurance but any claim for loss of disbursements as a consequence of the actual or constructive total loss of the vessel insured shall be made as provided in ? 308.103(c).

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