What Does Lay Up Warranty Mean?

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What does Lay Up Warranty mean? Read on to discover the definition & meaning of the term Lay Up Warranty - to help you better understand the language used in insurance policies.

Lay Up Warranty

Lay Up Warranty

A term contained in a yacht policy that stipulates periods of time when the yacht will be laid up in port and not in operation.

We hope the you have a better understanding of the meaning of Lay Up Warranty.

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