Marine Hull

Marine Hull Insurance

Hull means the insurance of ship. The ship is always at the risk of the perils of the seas and therefore, the ship-owner can insure it against probable losses as such. The subject matter of hull insurance is usually:

  • Hull
  • Plant & Machinery
  • Refrigeration Machinery etc.
  • Freight (if the freight is after paid when at the risk of the ship owner)

Direct risk covered under Marine Hull Insurance

Fire, theft, jettison, collision, contact, heavy weather, stranding/ foundering, sinking, General average, Sue and labor charges. The Marine Hull policy may include liability hazards such as collision or running down.

Additional Risk Covered on payment of additional premium

War & Strike Riot Civil Commotion (SRCC)

Remarks

Premium being determined on a rating subject to age and class of construction of Hull

Risks covered under following categories

  • ITC (All risk Policy)
  • TLO (Total Loss only)

According to the law the insured is required to pay the Stamp duty of this policy.

Note

  • Particulars of cover liability and exclusion given above are not complete or exhaustive.
  • Our nearest Branch Office may be approached for complete details.

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