Hull and Machinery Insurance

Hull and Machinery Insurance

An insurance that provides protection against loss or damage or loss to the vessel’s framework and its propulsion machinery as a result of risks coverd under the conditions of the policy.

An insurance that provides protection against loss or damage or loss to the vessel’s framework and its propulsion machinery as a result of risks coverd under the conditions of the policy.

Type of Hull and Machinery Insurance Products:

  • Hull and Machinery Insurance : An insurance that provides risk coverage fordamages or losses against ships, machinery,and equipment from perils of the seas and navigational perils.  
  • Ship Builders Risks Insurance : An insurance that cover the risks that can beoccured during the construction of the ship (in the shipyard) until it is delivered to the owner.