A Marine Hull insurance policy provides complete protection to the hull and machinery of your vessel from loss or damage due to a range of perils like fire, explosion, robbery, collision and other ship-damaging risks.
You have the flexibility to buy Marine Hull insurance to protect your ship or yacht either for a specific journey, or to cover your vessel for a specific period of time irrespective of its voyages, which is usually 12 months.
A Marine Hull insurance policy can cover vessels that use inland waterways, against a wide range of risks such as collision or piracy, and against raising, removal or destruction of wrecks etc. The sinking of a ship can also be covered.
Buying Marine Hull insurance is quick and easy. The sum assured for Hull and Machinery insurance is as per the agreed value, which is equivalent to or approximately the cost of the vessel to be insured.
A marine hull insurance is a policy specifically designed to provide coverage to vessels such as a boat, ship, yacht, tankers, fishing boat, cruises, etc. used for transportation using waterways. Hull refers to the body of the vessel. A hull insurance is a comprehensive insurance that allows the insurer to get coverage for their vessels against loss or damage to the hull, machinery, fittings against a lot of mutilations such as: ship-breaking risks, liabilities, disbursement risks, machinery breakdown risks, and a lot of such risks that a vessel can encounter while transporting goods via the waterways.
Below are some of the benefits of hull insurance.
Hull Insurance Coverages include cover for vessels and risks involved.
Note: This is just an indicative list. Your policy copy will have details of the inclusions.
Below are the documents required by an insurance company in case of a claim in a hull insurance policy.
The first step in claiming marine hull insurance is intimating the insurance company about the event as soon as possible. With us, this step is easy. Just drop an email to us at firstname.lastname@example.org with the available documents such as photographs of the incident and policy copy and we’ll lodge your claim. After the claim is registered, the insurance company appoints a surveyor for inspection of the damage. Based on the surveyor’s report and insurance company’s requirements you’ll have to furnish additional documents. On receipt of the documents, and necessary approvals, your claim will be settled.
We have specialized underwriters and tie-ups with international experts.
We work with all insurers to get you the best options- both in terms of price and features.
Cover notes are issued within hours of request. This documentation is sufficient for any contractual requirement.
We manage all aspects of your claim - from preparing documentation to follow-up with the insurer.
We will advice you on risk management best practices.
See all your contracts renewal information in one place. Place service requests on PAM.