TABLE A- 58 

 EXCLUSIONS ON LOSS OF EQUIPMEOT 

 IN HULL IN,JURANCE CONTRACTS OF VESSELS 

 CLASSIFIED ON THE BASIS OF PAID LOSS RECORD 



Area 

 and vessel class 



Fishing gear, nets, 



and tackle are 

 covered only when 

 under the deck^ 

 (except in total 

 l oss of vessel) 



Policy 

 Percent years 



Total 

 in sample 



Percent 



Policy 

 years 



.^ 



I. New England 



1. Active wood with best loss record-^ / 7^-9 



2. Active wood ■^rl.th worst loss record^ 76.7 



3. Active steel 73-5 

 k. Lost wood 88.5 

 Total reporting 75-5 



(128) 



(165) 

 ( 36) 

 ( 23) 

 I352T 



100.0 

 100.0 

 100.0 

 100.0 

 100.0 



(171) 

 (215) 



( ^9) 

 ( 31) 



II. Gulf Area 



Active wood with best loss record^/ . 

 Active wood with worst loss record£/ 



1. 

 2. 



3. Active steel 

 k. Lost wood 

 Total reporting 



i+8.8 

 70.0 

 37.1 



56.9 



( 39) 



( 71) 



( 13) 



( 5) 



Tim 



100.0 

 100.0 



100.0 

 100.0 

 100.0 



( 80) 

 (102) 

 ( 35) 

 ( 8) 

 "(2257 



III. California . 



1. Active wood with best loss record-/ . 90. 6 (125) 



2. Active wood with worst loss record^/ 86.2 (137) 



3. Active steel - (3) 

 k. Lost wood - ( 2k) 

 Total reporting 86.5 '(2B9J 



100.0 

 100.0 



100.0 



(138) 

 (159) 

 ( 13) 

 ( 21.) 

 UW) 



a/ Tliis exclusion applies to the New Engleuad sample only. The Gulf Ai-ea sample 

 refers to the exclusion: "Fishing gear, nets, and tackle are covered only"; 

 and the California sample refers to the exclusion: "Pishing gear, nets, 

 tackle, cables, and anchors are not covered when lost oi- sacrificed on 

 fishing grounds," 



b/ Fifty percent of active wood vessels with no or smallest paid losses per 

 policy year studied. 



c/ Fifty percent of active wood vessels with largest paid losses per policy 

 year studied. 



231^ 



