Overview
Additional indemnnity is provided to that provided for under the
insured's hull and machinery policy following total loss of the
vessel.
Details
Additional indemnity is provided to that provided for under the
insured's hull and machinery policy following total loss of the
vessel.
We will pay these losses
Value over and above that covered under the hull and machinery
policy in the event of total loss. This would not usually
exceed 25% of the value stated in the hull and machinery
policy. All subject to the terms and conditions of the actual
policy.
Limits available
Up to US $37,500,000.
Target market
Shipowners.
Key territories
Worldwide.