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MARINE HULL Marine Hull Policies in general provide coverage against loss or damage to the hull and machinery of the Insured Vessel. In addition to this, the Hull Insurance also protects insured against liability to the third party vessels, if any, during an accident at sea. Apart from comprehensive covers, Hull Insurance can also be limited to third party cover, port risks excluding crew, cargo, marine seepage and pollution absolutely. The scope of insurance cover vastly relates to vessels, floating dry docks, jetties, pleasure crafts including hull and machinery, freight disbursements, increased value, war, loss of hire, mortgagees, protection and indemnity, ship-repairers liability, ship-building, maiden voyage and scrap voyage. |
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