The Hull Pools, also known as West Coast, American, and/or Pacific Marine Fund, provide insurance for vessel owners to cover against claims or losses that arise from damage to vessels used in commercial fishing. Members work together to encourage responsible operation of fishing vessels and help maintain reasonable rates for coverage. New members are accepted into one or more of the pools upon approval by the Board of Trustees, which is elected by current members. Each claim year's funds are held for four years and conservatively invested. After the four year period, any remaining funds are returned to the member as a reduction in his next year's billing. Claims by members are first paid from their contribution, then from earnings set aside as additional reserves. Finally, if need be, claims are paid from the Fund's reserve for that year. Consequentially, each Fund routinely returns to its members a substantial percentage of their required contribution. For more details on hull insurance, please call (206) 284-4720.