Comprehensive physical damage cover for shipping vessels — protecting your hull, machinery, and equipment against voyage hazards, collision, stranding, fire, and general average sacrifices under internationally recognised Institute Hull Clauses.
Marine Hull insurance covers physical loss or damage to the vessel itself — the ship's hull, machinery, and equipment — against voyage hazards including fire, collision, stranding, capsizing, and general average sacrifices. Prestige Assurance underwrites your vessel under the internationally recognised Institute Hull Clauses.
Marine Hull insurance covers physical damage to the vessel itself against the following specified perils:
Physical loss or damage to the vessel caused by fire breaking out on board or explosion of machinery, boilers, or fuel systems.
Vessel running aground, becoming stranded on a sandbar, sinking, or capsizing due to adverse sea conditions or navigational incidents.
Loss arising from the overturning or derailment of land conveyances used during transit of the vessel or its components.
Damage caused by collision or contact of the vessel with any external object other than water — including docks, jetties, or other craft.
Costs and losses arising from forced discharge of cargo at a port of distress following an insured peril during the voyage.
Contribution required when a voluntary sacrifice is made to save the vessel and remaining cargo from a common peril at sea.
Loss from cargo or equipment deliberately thrown overboard to lighten the vessel and avert a more serious peril during the voyage.
Whether you operate a fishing fleet, a coastal freighter, or an ocean-going vessel — Prestige Assurance has the hull underwriting capacity and expertise to keep your maritime assets protected.