Marine hull insurance is an insurance policy specifically designed to provide coverage to water vehicles such as a boat, ship, fishing boat, steamer etc. This insurance covers physical damage to a ship or vessel.
Total Loss only (TLO)
| 6.1 This insurance covers total loss (actual or constructive) of the subject-matter insured caused by, | |
| 6.1.1 perlis of the Inland rivers lakes or other navigable waters | |
| 6.1.2 fire, explosion | |
| 6.1.3 violent theft by persons from outside the Vessel | |
| 6.1.4 jettison | |
| 6.1.5 piracy | |
| 6.1.6 breakdown of or accident to nuclear installations or reactors | |
| 6.1.7 contact with aircraft or similar objects, or objects falling therefrom, land conveyance, dock or harbour equipment or installation | |
| 6.1.8 earthquake volcanic eruption or lightning | |
| 6.2 This insurance covers total loss (actual or constructive) of the subject-matter insured caused by | |
| 6.2.1 accidents in loading discharging or shifting cargo or fuel | |
| 6.2.2 bursting of boilers breakage of shafts or any latent defect in the machinery or hull | |
| 6.2.3 negligence of master officers crew or pilots | |
| 6.2.4 negligence of repairers or charterers provided such repairers or characters are not an assured hereunder.l | |
| 6.3 master officers crew or pilots not to be considered owners within the meaning of this clause 6 should they hold shares in the vessel. |
This Policies Terms, Conditions, Warranties, Exclusions & Deductible is applicable which are specifically excluded by the policy wording.
N.B.: For details, you are requested to contact to our nearest branch or Head Office.