Construction All Risks Insurance, 3rd Edition by Paul Reed | 2021
Construction All Risks Insurance, 2nd Edition By Paul Reed
|Author||Paul Reed, QC|
|Publisher||Sweet & Maxwell|
The third edition of this book will be a must-read for lawyers and insurance brokers specializing in construction insurance. With its established reputation as the ultimate reference for professionals, Construction All Risks is the go-to resource for those seeking answers in the field of construction insurance.
This edition delves into the core concepts of Construction All Risk Insurance, tracing its origins back to the Marine Insurance Act of 1906 and bringing the reader up to speed with contemporary practices. It navigates through the intricate processes and challenges involved in CAR claims, offering comprehensive practical advice for individuals handling CAR insurance claims. The book covers disputes, the application of insurance law to commercial insurances, and emphasizes crucial aspects like Institute Cargo Clauses and Aviation.
Additionally, the book explores the necessity for insurance and highlights specific areas of concern such as Institute Cargo Clauses and Aviation. It provides insights into the structure of CAR policies, offering practical guidance on drafting various clauses, including rectification, fortuity, loss and damage clauses, and warranties. The text also delves into the myriad of exclusions applicable to CAR policies, discussing their significance, including defect and standard exclusions. Difficult concepts such as causation and co-insurance are examined, and the book includes sample policy clauses and precedent materials. Furthermore, it offers guidance on the claims procedure, covering marine, aviation, and property risks.
In this new edition;
-A new chapter has been included on Delay in Start-Up insurance, addressing the impact of the Financial Conduct Authority v Arch Insurance (UK) Ltd decision.
-The book now covers coinsurance and incorporates insights from the Gard Marine and Energy Ltd v China National Chartering Co Ltd and Haberdashers’ Aske’s Federation Trust Ltd v Lakehouse Contracts Ltd case.
-It provides a more detailed discussion on issues related to fortuity and inherent vice and significantly expands on Defects Exclusions.
-Moreover, the edition includes updates on the legal landscape in Singapore, Malaysia, and Australia.
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