Marine Hull

Product information

The benefit(s) payable under eligible policy is protected by PIDM up to limits. Please refer to PIDM’s TIPS Brochure or contact TMIM or PIDM (visit www.pidm.gov.my).

Why
Marine Hull

Benefits at a glance

Comprehensive cover for vessel

Hull and machinery insurance.
War risks.
Disbursements and increase value insurance for commercial hulls such as:
- Tugs.
- Barges.
- coastal and ocean-going vessels.

Note: Malaysian registered vessels have to be insured locally in Malaysia

Key coverage

Here is an overview of your coverage

Your vessel is covered during operation within specified trading limits.

Coverage and benefits are subject to

Institute Time Clauses (Hull) 1.10.83.
Partial Loss and Total Loss of your vessel
Institute Time Clauses (Total Loss only) 1.10.83.
Total Loss (Actual Total Loss and Constructive Total Loss) of your vessel caused by:
- Perils of the seas, rivers, lakes or other navigable waters
- Fire and explosion
- Violent theft by persons from outside the vessel
- Jettison
- Piracy
- Breakdown of or accident to nuclear installations or reactors
- Contact with aircraft or similar objects, or objects falling therefrom, land conveyance, dock or harbor equipment or installation
- Earthquake, volcanic eruption or lightning

And provided such loss or damage has not resulted from lack of due diligence by the Assured, Owners or Managers.

Accident in loading, discharging or shifting cargo or fuel
Bursting of boiler, breakage of shafts or any latent defects in the machinery or hull
Negligence of Master Officer, Crew or Pilots
Negligence of repairers or charterers, provided they are not Assured hereunder
Barratry of Master Officers or Crew

How much is my premium?

Your premium may vary, depending on

The type of cover selected
Any additional cover selected
The sum insured
Our underwriting requirements

What we
don’t cover

Marine – Hull and Machinery

War Risks, Strike Risks and Malicious Acts
- for an additional premium, coverage may be extended to the "Institute War and Strikes Clauses (Hulls – Time)".

Nuclear exclusion.
Radioactive contamination, chemical, biological, bio-chemical and electromagnetic weapon.

Note:
The list above is non-exhaustive. Please refer to the policy contract for the full list of exclusions under this policy.

Important information

This plan is underwritten by Tokio Marine Insurans (Malaysia) Berhad. All benefits and features mentioned herein are subject to terms and conditions of the policy. It is In your best interest to refer to the Policy Contract for the precise terms and conditions of this insurance plan. The information shown here is for reference only and is accurate as at 30 June 2012.

Note: You should satisfy yourself that this policy will best serve your needs. You should read and understand the insurance policy, and at all times, feel free to contact us for more information.