Marine Hull Insurance

Who Should Take Such Policy

ship owners, ship management companies, ship financiers/ banks, charteres, ship repairers, ship breakers, ship builders.

Perils of the seas, rivers, lakes or other navigable waters
Fire / explosion
Violent theft by persons from outside the vessel
Jettison
Piracy
Breakdown or accident to nuclear installations or reactors
Contact with aircraft or similar objects or objects falling therefrom, land conveyance, dock or harbour equipment or installation
Earthquake, volcanic eruption or lightning
Accidents in loading, discharging or shifting cargo or fuel
Bursting of boilers, breakage of shafts, or any latent defect in the machinery or hull
Negligence of master, officers, crew or pilots
Negligence of repairers or charterers provided they are not the assured
Negligence of repairers or charterers provided they are not the assured
Barratry of master or crew
Provided such loss or damage has not resulted from want of due diligence by the assured, owners or managers.
General average and salvage.