About the Service
Hull and Machinery Insurance protects the shipowner’s financial interests against the loss of, damage to or disappearance of the insured vessel
Purpose of Cover
- Protection of the shipowner’s interests
Insured Events
- Damage to or loss of the vessel, its hull, machinery or equipment resulting from accidents, natural hazards, grounding, collision or other incidents occurring during operation
Scope of Indemnity
- Total and/or constructive total loss
- Hull damage
- Breakdown of or damage to machinery and equipment
- Salvage expenses
- General average
- Loss of freight
- War risks
