Ship hull and machinery insurance
In the event that the hull, machinery and its installations are damaged due to the occurrence of any of the insured risks, the insurer will compensate the insured for the loss up to the maximum amount determined as the insured value in the insurance policy, taking into account the terms and conditions of the insurance policy.
The risks covered include:
– Accidents at sea, river, lake or navigable waters
– Fire and explosion
– Theft accompanied by force by persons outside the country
– Throwing overboard
– Breakdown or accident of nuclear installations or reactors
– Collision of aircraft or other similar means or objects falling from them
– Earthquake, volcano, lightning
Source: Insurance Clinic
