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Marine Hull & Machinery Insurance UAE
Hull & Machinery Insurance provides essential protection for vessel owners, operators, shipping companies, and marine businesses against physical loss or damage to their vessels and onboard machinery. It covers the vessel’s hull, engines, machinery, and related equipment against a wide range of marine perils.
Whether operating commercial vessels, tugboats, workboats, offshore support vessels, fishing vessels, or specialized marine craft in UAE waters and beyond, this insurance helps safeguard valuable marine assets and minimize financial losses arising from unexpected incidents.
Why Clients Need This Insurance:
Vessels operate in challenging environments where they are exposed to risks such as collisions, grounding, rough weather, fire, machinery breakdown, and other marine hazards. Repairing or replacing damaged marine equipment can be extremely costly and may result in significant operational downtime. Hull & Machinery Insurance helps vessel owners and operators in the UAE protect their investments, maintain business continuity, and manage the financial impact of marine accidents and equipment damage.
What's Covered Under This Insurance ?
Hull Damage Coverage
Protects the vessel's hull and structure against physical loss or damage caused by collisions, grounding, heavy weather, and other insured marine perils.
Machinery & Engine Protection
Covers damage to engines, propulsion systems, generators, and essential onboard machinery resulting from accidental or insured events.
Collision Liability (RDC)
Provides coverage for liability arising from collisions with other vessels, subject to policy terms and conditions.
Fire & Explosion Risks
Protects against damage caused by onboard fire, explosion, or related marine incidents affecting the vessel.
Salvage & Sue and Labour Costs
Covers reasonable expenses incurred to prevent or minimize a loss, including salvage operations and emergency measures to protect the vessel.
General Average Contributions
Provides coverage for the vessel owner's contribution to General Average expenses declared during a maritime emergency.
