Hull insurance offers comprehensive protection against damages to the hull, machinery, and equipment of a vessel. It safeguards shipowners from financial losses arising from risks such as collisions, groundings, fires, and storms, ensuring the security of their maritime assets.
The features of Hull Insurance, also known as Boat Insurance, are as follows:
Additionally, hull insurance accommodates diverse operational areas with policies tailored for Inland Water Vessels, Marine Vessels, Coastal Marine and Aviation Hull Insurance.
Hull or Boat insurance stands as an indispensable safeguard for those navigating the seas, providing a range of advantages for vessel owners and operators: Some of the advantages of marine insurance are:
Hull and Machinery Insurance covers the following:
Marine hull insurance is a comprehensive policy, but certain cases fall out of the scope of the insurance. These cases are:
If there's an incident requiring a claim, here are the steps you should take:
Note: The insurer will thoroughly review the terms and conditions of your policy to assess the coverage applicability regarding the claimed incident. Consequently, the determination of claim acceptance or rejection will be at the discretion of the insurer.
Upon the successful filing of a claim, the insurer will furnish a URN/claim number, facilitating document uploading and claim status verification. The following documents are essential for the claim process:
*Utilize the URN/Claim number provided by the insurer for checking the claim status.
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