Question

what do you mean by hull insurance. explain briefly

Answer 1

Hull insurance is an insurance policy especially designed for covering ship damage expenses. Where the ‘Hull’ refers to the main body of the ship. Hull insurance can be understood like a car insurance, with a difference of being for a water faring vehicle instead of land.
Hull insurance also includes any fixtures attached to the hull of the ship as a functional part, into the definition of hull. Since the policy mostly applies to water going vessels, it is more popularly called Marine Hull Insurance, and is a part of marine insurance.


The policy plays an important role by helping boat owners to secure their vehicles against machinery damage and destruction of hull, fittings, liabilities, etc.

Mainly the policy insures against the following perils:

Destruction of hullDamage to machineryDisbursement lossesShip-breaking lossesFittings and freight

Hull insurance policies can also include third party liability such as cover for losses or damages caused by your vessels to other ships or boats, or injury to the ship workers


I think it will enough for u

Answer 2

HEYA!!!!!!!!!!!!!!!!!!!!!!!!

HERE IS THE ANSWER TO YOUR QUESTION.......

Hull insurance is one of the main type of marine insurance policies available in the market place it covers a broad range of damages and a vessel's hull,machinery and equipments, which in turn gives the vessel owner a level of confidence an security in operating their yacht/ship on international waters .

HOPE IT HELPS......

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