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.

Forms

To offer a quotation, we require fleet details, the coverage required and a claims record.