Marine Hull Insurance
Marine Hull Insurance
This policy covers loss of or damage to the physical and mechanical structure of a watercraft What is covered:
- Perils of the seas, lakes, rivers, or other navigable waters
- Fire
- Jettison
- Piracy
- Contact with dock or harbour equipment or installation, land conveyance, aircraft or similar objects or objects falling therefore
- Earthquake volcanic eruption or lighting
- Accidents in loading, discharging or moving stores, gear, equipment, machinery or fue
- Explosions
- Malicious acts
- Theft of the entire vessel or her boats
- Loss of or damage to the subject-matter insured (with exceptions)
- Human negligence (with exceptions)
- The expense of inspection of the bottom after a stranding ( if reasonably incurred specially for that purpose), even if no damage be found