Common use of Rescue Clause in Contracts

Rescue. We will pay the reasonable costs for the rescue of you, your passengers or members of your crew. Our limit of liability for rescue costs is $10,000. Temporary accommodation costs We will reimburse you reasonable temporary accommodation costs if following an accident to or loss of your vessel giving rise to a claim which has been admitted under this policy you are unable to return to your usual place of residence. Our limit of liability shall not exceed $1,000. Optional extensions These optional clauses will only apply if there is a statement on the Schedule that they apply. Racing risk We will pay the cost of replacing or repairing sails, mast, spars, or standing and running rigging lost or damaged whilst the vessel is racing. Unless the loss or damage is caused by the vessel being stranded, sunk, burnt, on fire or in collision or contact with any external substance (ice included) other than water any settlement will be subject to the racing risk excess stated on the schedule and we deduct depreciation for sails over 3 years old. Conditions Claim settlement We have the option:

Rescue. We will pay the reasonable costs for the rescue of you, your passengers or members of your crew. Our limit of liability for rescue costs is $10,000. Temporary accommodation costs We will reimburse you reasonable temporary accommodation costs if following an accident to or loss of your vessel giving rise to a claim which has been admitted under this policy you are unable to return to your usual place of residence. Our limit of liability shall not exceed $1,000. Optional extensions Extensions These optional clauses will only apply if there is a statement on the Schedule that they apply. Racing risk We will pay the cost of replacing or repairing sails, mast, spars, or standing and running rigging lost or damaged whilst the vessel is racing. Unless the loss or damage is caused by the vessel being stranded, sunk, burnt, on fire or in collision or contact with any external substance (ice included) other than water any settlement will be subject to the racing risk excess stated on the schedule and we deduct depreciation for sails over 3 years old. Conditions Claim settlement We have the option: