You Paid How Much for That?!
"The Reasonable Cost of Repairs"
Author: David Tantrum
Presented to the Association of Average Adjusters of the United States
"Fair and reasonable cost of repairs" is one of a large number of time tested marine concepts like "utmost good faith," "GWWP," "salvage" and quite a number of others. Like many concepts, if you use it, you will know what it means; but to describe it becomes a little more complex.
David Tantrum provides his thoughts with regard to "reasonable cost of repairs" at the 1996 Association of Average Adjusters meeting.
To download the full paper click this link: The Reasonable Cost of Repairs