Deduction For New
Bouvier's Law Dictionary and Concise Encyclopedia · John Bouvier; revised by Francis Rawle · 1914
Bouvier's Law Dictionary and Concise Encyclopedia
The allowance (usually one-third) on the cost of repairing a damage to the ship by the extraordinary operation of the perils of navigation, the renovated pari being presumed to he better than before the damage, in some part-, by custom or by express provision in the policy, the allowance is not made on a ivew during the first year, or on a new sheathing. or on an anchor or chain-cables; 1 I'hill.
Ins. £ 50; 2 id. S§ 1369, 1 131: Gray v. Wain, 2 s. & R, (Pa.) 229, 7 Am. Dec. 642; risk v. ins. Co., 18 La. 77: Orrok v. Ins. Co., 21 Pick. (Ma^s.i 156, ■ ■- Am. Dec 271; IVpau v. Ins. Co., 5 Cow. (N. Y.i 63, 15 Am. Dec. 431.