Insurance

What is hull insurance

Hull insurance is one of the main types of marine insurance policies available in the marketplace. It covers a broad range of damages on a vessel’s hull, machinery, and equipment, which in turn gives the vessel owner a level of confidence and security in operating their yacht/ship on international waters. The type of marine insurance policy sought will depend heavily on…

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What is Yacht Insurance

Yacht insurance offers protection and compensation against physical damage, theft and other investable risks which your yacht may face whilst navigating international waters. Yacht insurance is adopted by vessel owners as a form of risk management to minimize their liabilities against damage incurred…

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The importance of marine insurance

In today’s commercial age, marine insurance has become one of the most necessary and fundamental types of insurance within the insurance industry. Marine insurance comes in a range of varieties to accommodate for the many different types and sizes of vessel available…

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How can I obtain marine insurance

Marine insurance is imperative to obtain for all vessels regardless of the operation or activity the vessel intends to engage in, or its size. Most vessel owners seek a marine insurance policy that will cover the vessel, vessel owner and crew in terms of any loss, damages…

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What is ship insurance

Ship insurance is the term used when referring to marine insurance specifically catered to ships. It is essential that all ship owners obtain the necessary marine insurance to enable them to legally operate the vessel in line with the regulations of its registered flat state. It should be noted for a vessel must be…

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Do I require marine insurance

Marine insurance dates back to one of the first types of insurance available. It is a form of risk management specifically designed to safeguard vessels, owners, cargo and passengers at sea in the event of risk, damage or death. There are many forms of marine insurance available and it is…

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Advantages of marine insurance

The risks faced by boats at sea are numerous and as such, the liabilities imposed on vessel owners can be financially crippling. The risks of injury or death to passengers and seamen are also high as weather conditions and vessel damage while at sea…

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What is marine insurance

Marine insurance is a specific type of insurance that is used for all vessels and other marine related structures. Marine insurance is a necessary requirement and an effective form of risk management that protects yachts, ships and other maritime vehicles from dangerous or damaging circumstances at sea…

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What does marine insurance cover

Marine insurance is a type of insurance sought by vessel owners, particularly yacht and ship owners, to secure their vessel against risk and damage. Marine insurance is a requirement for all vessels to have in a similar…

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