Policy Summary
The policy provides cover for loss or damage to insured’s vessel (boat, ship, liner) whilst in Commission or laid up including legal liabilities to third parties, legal costs and salvage charges.
This policy is ideal for; Individual/company boat, ship, liner or vessel owners, manufacturers, traders.
Client profile
This policy is ideal for clients who owns commercial ships, luxury liners, passenger carrying sea vessels, registered boats, fishing trawlers etc.
In order to place a marine hull insurance policy, the client will need to provide the following details:-
- Full Name of the client /proposer for insurance, Postal Address, Telephone Contact, PIN Number, Occupation (Business from which client derives his income)
- Description of the vessel insured, age, make, model, classification
- Shipping line (in case of commercial vessels) and general geographical operation/ sea route
- Types of goods normally carried e.g. general merchandise, vehicles, petroleum products etc.
- Valuation report and sea worthiness certificate
- License from the relevant maritime authority
- Original ownership documents.
- Copy of Certificate of incorporation for companies and ID’s for individuals.
- Duly executed ownership transfer forms (*2)
