Marine Hull Insurance
Marine Hull Insurance provides protection against damage or loss to ships, engines and equipment from marine hazards and navigational perils.
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Marine Hull guarantees the following risks:
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marine hazards such as bad weather, drowning, collisions etc. (perils of the seas)
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fire, explosion
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violent theft
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marine cargo disposal (jettison)
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piracy
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collision with an airplane
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earthquake, eruption, volcano, lightning strike
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negligence of the captain and crew
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rebellion or forced takeover by the captain and crew
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legal liability due to ship collision (Collision Liability)
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General Average and Salvage contributions
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rescue costs
There are 3 guarantee options that can be tailored to the needs of the client:
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Clause 280 (comprehensive or full navigational perils)
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Clause 284 (Total Loss + GA and ¾ Collision Liability)
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Clause 289 (Total Loss Only)