Hull Insurance Policies

Hull insurance policies provide financial protection for the hull (the physical structure) and related parts of a vessel, such as boats or ships. They cover damage or loss from risks like accidents, collisions, fire, or theft. The policy can also include coverage for equipment, machinery, and liability claims. Essentially, it’s designed to help vessel owners manage the financial impact of unforeseen damages or losses, ensuring they can repair or replace their vessel and avoid significant financial hardship. This coverage is crucial for both commercial and recreational maritime activities.