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Marine Hull

Product Class: Product Names:

Marine Hull

Introduction: Define of the Product & GU Added Value (Competitive Advantages) Statement:

The hull insurance covers physical damage / loss to the vessel caused by fire, explosion and other marine perils. It also covers damage to machinery and other equipment and apparatus installed on the vessel. Collision liability can also be covered.

Advantages of the Product (Benefits&Exclusions):

The most significant benefits of this insurance are to protect: Your financial investment in your vessel up-to an agreed value if it is lost or damaged due to an accident. You for your legal liability to third parties in the event of an accident Exclusions: The policy does not cover loss / damage due to: Deliberate damage / destruction of the vessel by wrongful act of any person. Use of any weapon of war employing atomic / nuclear fission and fusion. Radioactive Contamination, Chemical, Biochemical, Biological, Electromagnetic Weapons. Insolvency or financial default of the vessel owner / operators / charterers. War / civil war, strike, riot or civil commotion. Any terrorist or persons / acting with political motive.

Additional Benefits and Extensions:

Additional benefits and extensions to above cover are : War and strikes, riots and civil commotion cover. Terrorism cover. Passenger liability cover. Crew liability cover.