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ocean marine hull insurance covers a vessel for

QuestionsCategory: Asset (Fire) insuranceocean marine hull insurance covers a vessel for
default avatarPlan Cover Staff asked 3 years ago
1 Answers

Best Answer

default avatarSrinivasan Mahadevan answered 3 years ago
Marine Hull insurance primarily covers a vessel for two things:

  1. Physical damage to a ship or a vessel. This can include fire damage, storms, and other perils.
  2. Collision liability – In the event that your ship collides with another vessel and damages property and/or cargo in the process, this provision could protect you against legal liability.

Marine Hull insurance typically does not apply to cargo. Coverage for cargo, where applicable, is typically sold as a separate policy.