Hull & Machinery Insurance
Marine hull insurance typically covers various risks associated with the physical damage to a ship. Key coverages may include:
Hull and machinery
Protects against physical damage to the ship caused by accidents such as collisions, grounding, and weather-related
incidents.
Protection & indemnity
Extends coverage to include third-party liabilities beyond physical damage, such as injuries to crew, pollution, and damage to other property.
War Risks
Provides coverage for damage caused by acts of war, including hostilities, warlike actions, and terrorist activities.
Running down Clause
Covers liability for collisions with other vessels.
Strikes, Riots, & Civil Commotions
Protects against damage resulting from these types of events.
Additional perils
Depending on the policy, coverage may extend to various additional risks such as piracy, confiscation, and loss of earnings during repairs
