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Marine Hull insurance

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What is Marine Hull insurance?

Marine Hull Insurance provides cover for physical loss of or damage to a vessel, helping owners and operators manage the potentially significant costs associated with repairs or replacement following an insured event. Cover can often extend to the vessel’s hull, machinery, equipment and fittings, subject to the policy terms and conditions.

Who might need Marine Hull Insurance?

Marine Hull Insurance can be suitable for a wide range of commercial and specialist vessel owners, including workboat operators, fishing vessel owners, tug operators, charter businesses, marine contractors and inland waterway operators. Any business that relies on a vessel as part of its operations should consider protecting it against accidental loss or damage.

What does Marine Hull Insurance typically cover?

The exact cover available will depend on the insurer, vessel type and policy selected, but Marine Hull Insurance may protect against:

Collision with another vessel or object

Collision with another vessel or object

Grounding and stranding incidents

Grounding and stranding incidents

Fire and explosion damage

Fire and explosion damage

Theft and attempted theft

Theft and attempted theft

Malicious damage or vandalism

Malicious damage or vandalism

Storm and adverse weather damage

Storm and adverse weather damage

Accidental physical damage to the vessel

Accidental physical damage to the vessel

Damage to onboard machinery and equipment

Damage to onboard machinery and equipment

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