Marine Hull & Machinery
In today's unpredictable maritime industry, safeguarding your valuable marine assets is paramount. Marine Hull and Machinery Insurance offers essential protection against various risks, from collision damage to mechanical breakdowns. To ensure you receive the optimal coverage for your vessel.
Coverage Details
Physical damage: Marine Hull & Machinery Insurance covers physical damage to the insured vessel caused by perils such as collisions, grounding, sinking, fire, storms, and other accidents.
Protection and indemnity: This coverage provides protection for liabilities arising from third-party bodily injury, property damage, pollution, legal costs, and other related expenses.
Salvage and wreck removal: The policy may cover the costs associated with salvaging the vessel and removing a wreck in the event of an accident or total loss.
Additional perils: Depending on the policy terms, coverage may extend to risks such as piracy, war, terrorism, and natural disasters.
Underwriting Information Required
Information about the vessel: The vessel's age, size, type, value, construction, equipment, and intended use.
Loss history: The vessel's previous insurance claims, damage history, accidents, and maintenance records.
Operating area: The geographical area in which the vessel operates, including the waters it navigates and the potential risks present in those locations.
Safety measures: Details on safety equipment, maintenance procedures, crew qualifications, security measures, and compliance with maritime regulations may be required.
Coverage limits and deductibles: Insurers will need information on the desired coverage limits, deductibles, and any additional endorsements or extensions required.
AMG Corporate has a wide scope of expertise with deep technical skill and experience including:
- Aviation
- Business Interruption/ Loss of Profits
- Carrier’s Liability
- Comprehensive General Liability
- Construction All Risk
- Contractor Plant’ Equipment
- Employer’s Liability
- Excess Automobile Liability
- Fidelity Guarantee
- Freight Forwarder Liability
- Goods in Transit
- Marine Cargo
- Marine Hull & Machinery
- Port & Terminal Operator Liability
- Project Delay in Start-up (DSU)
- Property Insurance
- Ship Builders’ All Risks
- Ship Repairers’ Liability
- Warehousemen Liability
Contact AMG
We provide risk management, risk consulting, insurance broking, insurance program management and claims advocacy services.