Maritime, Lake, and River Vessel Insurance
Description and purpose
Maritime, lake, and river vessel insurance policies are specialized products providing financial protection for boats and ships used in maritime, lake, or river transport. These policies are essential for operators in the water transport sector, covering unique risks associated with navigation and waterborne transport. They protect against material damages, cargo losses, and liability for water-related incidents.
Maritime, lake, and river vessel insurance policies are specialized products providing financial protection for boats and ships used in maritime, lake, or river transport. These policies are essential for operators in the water transport sector, covering unique risks associated with navigation and waterborne transport. They protect against material damages, cargo losses, and liability for water-related incidents.
Target audience
Owners or operators of vessels, including those involved in maritime transport, fishing, recreation, or other water activities.
Owners or operators of vessels, including those involved in maritime transport, fishing, recreation, or other water activities.
Coverage and risks
Coverage may include:
Coverage may include:
- Hull & Machinery Insurance – covers damages to the ship's structure and equipment (engine, navigation systems, etc.).
- Cargo Insurance – protects goods transported against loss or damage during transit.
- War and Piracy Risks Insurance – covers damages caused by acts of piracy, war, or other forms of aggression.
- Loss of Hire Insurance – covers financial losses resulting from the vessel's inability to operate due to damages covered by the policy.
Types and options
- Comprehensive car insurance for commercial vessels: coverage for ships used in cargo and passenger transport.
- Insurance for recreational vessels: coverage for leisure boats, such as yachts and recreational boats.
- Comprehensive car insurance for commercial vessels: coverage for ships used in cargo and passenger transport.
- Insurance for recreational vessels: coverage for leisure boats, such as yachts and recreational boats.
Benefits
Financial protection for vessels and cargo, reduction of financial losses in case of damages, and support in maintaining the operational continuity of ships.
Financial protection for vessels and cargo, reduction of financial losses in case of damages, and support in maintaining the operational continuity of ships.
