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 classes of craft, which underwriters steer clear of as though they were affected by a hoodoo worse than that of Friday and the thirteenth day of the month.

Marine insurance, so far as applicable to yachts, seems to be in a mixed and muddled condition. The owner of a steam yacht, commanded by a duly qualified master, and with the machinery in charge of a licensed engineer, has no difficulty in insuring his vessel at ordinary rates. As the risk is, generally speaking, not so hazardous as that of ships engaged in freight-carrying both summer and winter, underwriters, as a rule, give steam-yacht owners quite favorable terms, provided the yacht is seaworthy and well-found. A large, steel, steam yacht run under the foregoing conditions was insured up to her real value at a premium of three per cent. against losses by fire, collision, or the perils of the sea, the risk being divided pro rata on the vessel's hull, tackle, apparel and furniture, and the machinery and boilers.

The policy, in this instance, protected the yacht against the "perils of the seas, men-of-war, fire, enemies, pirates, rovers, thieves, jettisons, letters of marque and countermarque, surprisals, takings at sea, arrests, restraints, and detainment of all kings, princes and people, of what nations, condition, or qualitysoever, barratry of the master and mariners, and all other perils, losses and misfortunes