Hull Insurance

What is Hull Insurance?

Hull Insurance is insurance to cover hull construction, machinery and other equipment

Suitable for?

Shipowner

Caused by the following perils:

• Perils of the seas river lakes or other navigable waters
  

• Fire, 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 lighting.

Loss of or damage to the Subject-Matter insured caused by:

• 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 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 or damage has not resulted from want of due diligence by the Assured, Owners of Managers.