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Hull and Machinery Insurance

 

Marine Hull Insurance covers physical loss or damage to the hull and machinery which constitute the vessel itself.

Regulations such as Institute Time Clauses and the Norwegian Plan can provide a framework for the administration and operation of the Policy.

Vessels of different types and trades need different consideration when it comes to the scope and terms of H&M insurance.

Perils of the sea such as heavy weather conditions, collision, fire, piracy, earthquakes, machine failures, omissions, physical damages to vessel - general average, salvage, sue and labor costs and all other liabilities provided by Institute Time Clauses are covered under our H&M policy.


H&M insurance premiums are determined by the current market value of the vessel.

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