The Hull and Machinery Insurance policy protects the shipowner and the motor or sailing vessel against damages occurring during navigation, mooring, lay-up, or towing. It indemnifies repair costs for the vessel and covers risks of total loss or machinery damage. Furthermore, it covers salvage charges, wreck removal, fire, total or partial theft, as well as hauling and launching operations.
No limits on vessel type or size, and ancillary All Risks coverages.
