1.English Law
In English Law, there is a dual distinction made in terms of the legal nature of…
“(a) an individual who enters into the contract wholly or mainly for purposes unrelated…
(b) a person who carries on the business of insurance and who becomes a party to the contract by way of that business (whether or not in accordance with permission for the purposes of the Financial Services and Markets Act 2000);”…
In other words, in order for an insurance contract to be considered as a consumer…
In this context, yacht insurance contracts can generally be seen as consumer insurance…
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