Marine Hull Insurance

Marine Hull Insurance is an insurance that provides compensation for damage or loss to the part (hull) of the ship.

 

MPM Insurance offers marine hull insurance that covers damage or loss caused by:

  • Perils of the seas
  • Fire and explosion
  • Violent theft by persons from outside the ship
  • Jettison
  • Piracy
  • Breakdown or accident of nuclear or reactors installations
  • Contact with aircraft or similar objects, or objects failing therefrom, land conveyance, dock or harbor equipment or installation
  • Earthquake, volcanic eruption, or lightning
  • Accident in loading discharging or shifting cargo or fuel
  • Bursting of boilers breakage of shafts or any latent defect in the machinery or hull
  • Negligence of Master Officers Crew or Pilots
  • Negligence of repairers or charterers provided. Such repairers or charterers are not an Assured hereunder
  • Barratry of Master Officers or Crew provided such loss has not resulted from want of due diligence by the Assured, Owners or Managers
  • Prevent or reduce pollution hazard by the authorities
  • Sue and labour
  • ¾ collision liability

 

Coverage of Marine Hulls Insurance is divided into 3 Institute Time Clauses (ITC) Hulls:

  1. ITC Hulls – CL. 280: All Risks
  2. ITC Hulls – CL. 284: Total Loss, General Average, and ¾ Collision Liability (Including Salvage, Salvage Charges and Sue and Labour)
  3. ITC Hulls – CL. 289: Total Loss Only (Including Salvage, Salvage Charges and Sue and Labour)

 

Get the quotation of Marine Hull Insurance by filling out the application form on the right.

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