Marine Hull and Machinery

The sea will never rest

Marine Insurance is said to be Mother of all Insurances

All the water crafts including large vessels are always at the risk of loss or damage due to sea perils. Marine hull and machinery insurance provides the insured the desired protection. Coverages are available for all kinds of vessels, crafts, barges, pontoons, water scooters and alike.

Coverages can be bought on all risk OR restricted perils basis.

The products are in line with the international marine practices and wordings. Tailor made products are also designed to meet the varying needs of the customers. The underwriting and claims staff is fully trained and carries vast experience. The pricing is competitive thus making the product attractive for the customer.

EFU is a leading name in insuring port terminal and liability risks. We have on our account some of the major port terminals of the country.

EFU has a vast experience of handling beaching risks. This insurance is bought by ship breaking industry for their vessels being brought in at Gaddani beach for breakage. Whether the vessel is being towed or moving on its own power, whether the voyage is in monsoon season or otherwise, we offer competitive terms of coverage coupled with super class service.

FAQs

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What is Marine Hull Insurance?

Marine Hull insurance comprises of the insurance of Ship’s hull, Pleasure crafts, Yachts etc. Apart from these, marine hull also covers the port operators’ liability where protection against the losses incurred by the port operator to cargo owners or port authority. Stevedore liability is another venue where cargo handler’s liabilities is covered against the losses arising out of their services.

What factors are taken into account for ascertaining the premium of Jet Skies and Pleasure boats?

In setting up the appropriate premium for Hull insurance following factors can be considered as important.
  • Make/Model
  • Geographical scope
  • Uses
  • Operator
  • Loss history

Are jet skis and pleasure boats covered in marine hull insurance?

Yes, jet skis and pleasure boats can be covered under marine hull insurance. All risk covers are offered with certain exclusions.

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