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This opinion reinforces the applicability of the historical doctrine of uberrimae fidei, which embodies the highest degree of good faith and places the burden on the insured to make full and voluntary disclosure of facts to an insurer that would be material to the decision to issue a marine insurance policy, noted Geico’s appellate counsel. (Credi: Carmen Natale/YachtRentals.org) This opinion reinforces the applicability of the historical doctrine of uberrimae fidei, which embodies the highest degree of good faith and places the burden on the insured to make full and voluntary disclosure of facts to an insurer that would be material to the decision to issue a marine insurance policy, noted Geico Marine’s appellate counsel. (Credi: Carmen Natale/YachtRentals.org)

A South Florida man whose boat was stolen on the same day he renewed his insurance policy lost before the U.S. Court of Appeals for the Eleventh Circuit, which found he voided the policy by giving a misleading account of what happened.

It is a ruling that demonstrates the burden federal maritime law places on policyholders as the appellate panel found even if it were to “dubiously” assume the policyholder didn’t know his boat was gone, that was something he should have known.

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