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What Does Latent Defect Mean? The second most important aspect of boat buying, aside from making the purchase itself, is insurance. These days, you can never go around buying things without at le...
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Latent Defect Clause: What is Covered Now, for laymen who are unfamiliar with a lot of legal terms, the phrase “latent defect” is a constant source of question. What does it mean? What ...
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Components of a Latent Defect Clause The main reason for much confusion with the term “latent defect” is the fact that it is a very broad concept. Its definition is not only exclusive t...
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Damage It was mentioned earlier that yacht insurance covers the damage or loss and not the defect itself. So what is damage? Again, here is another broad term that we have to grapple with. To e...
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