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Marine Hull Insurance
Marine Hull Insurance
Covers physical damage or loss to the vessel itself, including the ship's hull, machinery, and equipment. It provides protection against risks like collisions, accidents, and other specified perils.
Overview
What is Marine Hull Insurance?
Insurance that covers losses and damage to parts of the vessel (including the framework, hull, and engine) due to navigation activities.
All Risks (Comprehensive)
Covers both partial loss (Partial Loss) and total loss (Total Loss)
Total Loss
Covers total loss only (partial loss is not covered)
Types of Coverage
Three types of coverage
The differences can be seen in the comparison table below.
1Clause 280
ITC-Hull 1.10.83 Clause 280
Comprehensive / Full Navigational Perils
2Clause 284
ITC-Hull 1.10.83 Clause 284
Total Loss + GA and 3/4 Collision Liability
3Clause 289
ITC-Hull 1.10.83 Clause 289
Total Loss Only
Risk Comparison
Covered Risk Comparison
| Covered Risk | Clause 280 | Clause 284 | Clause 289 |
|---|---|---|---|
| Fire, explosion | |||
| Piracy | |||
| Jettison | |||
| Theft | |||
| Perils of the sea (e.g. collision) | |||
| Nuclear accident | |||
| Natural disaster | |||
| Loading/unloading accident | |||
| Crew negligence | |||
| Repairer negligence | |||
| Collision with aircraft or other equipment | |||
| Pollution prevention measures | |||
| Collision liability | |||
| General average contribution | |||
| Salvage costs | |||
| Salvage and salvage charges contribution | |||
| Bursting of boilers on vessel etc. |
Legend:CoveredNot Covered
Consultation
Discuss your Marine Hull Insurance needs
Contact our Marine Hull team for professional consultation.