Help to get home - tow or salvage and what's the difference?

10:52 PM Mon 9 Aug 2010 GMT

'Unlikely to be called a salvage - mostly commercial towing being discussed here' .

It pays to know, first the law that covers the area where you sail, and then, when you need assistance on the water, what's the deal? Is this a tow, or is this salvage? An American Marine Insurance Advisor warns that what you think of as a simple tow, could produce a salvage claim. Boat insurance company Wallace Welch & Willingham warns boat and yacht owners to familiarize themselves with maritime salvage claims guidelines before taking to the waters. 'If you find yourself stranded out on the water or in need of help, make sure you clarify in advance with ...

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by PRWeb News