What is Marine Hull Insurance?
This is a cover for water vessels like a yacht, boat and ship. With Marine Hull, you get covered against loss or damage to the hull, engines and accessories caused by perils of the sea, rivers, lakes or other navigable waters. You also get covered against loss by fire, theft, jettison, piracy, explosion, malicious acts.
- We offer you flexible coverage options
- Our policy has negotiable insurance cover rates and you also get to inform us of the extent of cover you would like.
- We provide you with a worldwide claims survey and settlement assistance.
- The general description of the goods covered
- The maximum value payable under the policy
Under the policy, you are covered against loss by fire, theft, jettison, piracy, explosion, malicious acts.
The insured is required to periodically provide the insurer with:
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Look after your water vessels with a cover the secures you against loss or damage.
- Willful misconduct of the insured(the merchant)
- Ordinary leakage, loss in weight, wear and tear of goods
- Insufficient packing, inadequate storage in a container, inherent vice, or goods deterioration caused by delay
- Insolvency or financial default of the owners, managers and so on, of the vessel.
- Loss or damage due to nuclear weapons/radiations
- Deductible/excess
- Loss due to unseaworthiness of vessel
- Consequential loss
Some types of loss are not insured. The main exclusions are loss or damage caused by:
To discuss your Marine Insurance requirements, contact your broker, agent or call us directly on +254 0711 065 100 or email us at marine@uap-oldmutual.com.