At Advocate Insurance Brokers Limited, we can arrange insurance coverage for all kinds of vessels, including Container Ships, Oil & Gas tankers, Tug and barges, Towboats, offshore Energy support Vessels, Mega yachts etc.
Scope of Cover The Hull and Machinery insurance provides indemnity to the insured vessel or fleet against the physical damage caused by a peril of the sea or other related perils while in transit or over water. Typically, the H&M cover include;
- Total loss of the ship
- Damage to the ship, engines and equipment
- Explosions and fires
- Groundings – damage to the ship, salvage of the ship
- Collisions Liability: the insured’s vessel colliding with another ship and damaging its property and cargo.