MARINE INSURANCE
Marine insurance, is insurance type to cover marine industry, such as hull and machinery, Cargo, Builder Risk, etc.
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Hull & Machinery Insurance
insurance product with provides coverage for hull, along with its machinery and equipment, against damage or loss arising due to shipping risks and perils of the seas. Marine hull and machinery insurance cover All risk or Total Loass Only.
Marine Cargo Insurance
It is a policy that provides you with indemnity and financial protection for loss of or damage to your cargo during transit by Sea, Land, Air.
Builder Risk
Builder’s Risk insurance policy is designed to cover a vessel and related property and materials from the start of construction through the final delivery to the customer. Coverage can be placed for the builder or owner of the vessel and insures against physical loss or damage to the vessel and collision liability and protection and indemnity exposures during sea trials and delivery.
Yacht insurance
Yacht insurance could provide you with comprehensive all-risk cover, tailored to your needs. Cover from personal belongings and medical expenses to hull and machinery damage.
Marine Liability Insurance
Liability insurance is that type of marine insurance where compensation is sought to be provided to any liability occurring on account of a ship crashing or colliding and on account of any other induced attacks.
P & I CLUB
Protection & Indemnity (P&I) Insurance: This insurance is provided by the P&I club, which is ship owners mutual insurance covering the liabilities to the third party and risks which are not covered elsewhere in standard H & M and other policies.
Wreck Removal
Wreck removal coverage might help the affected boater. Should you have to pay to salvage the sunken ship, this protection should pay to cover the costs. It will usually pay up to the limits of the policy. However, exclusions may exist. Ensure your wreck removal protection pertains directly to your vessel and loss risks.