Mitigate the risks of commercial shipping
Marine Hull & Machinery Insurance
Marine Hull & Machinery Insurance
Anyone running a business in today’s commercial shipping industry should be sure to take out good insurance. Especially large ships and specialized tankers have high values. If there is damage to the machinery or damage to the hull of the ship, a repair can be unpleasantly costly. Any shipping company who has taken out a marine Hull insurance policy with a reliable partner within the framework of the German ADS, ITC Hull or Nordic Plan, benefits from first-class protection. Let Hanseatische Kasko Versicherungsagentur – HKVA - be your partner. This overview describes what we can offer you as one of the hand-picked underwriting agencies in Germany. If you have any questions regarding deductibles, liability to third parties and other insurance T&Cs, our experts are of course there for you with in person.
Who benefits from our broad marine H&M insurance cover?
THigher ship values result in higher repair and replacement costs of machinery and other ship parts. In the commercial shipping industry, large ships are becoming more common, creating huge expenses to mend damages caused by storms or other weather influence, explosions and fires or navigational accidents such as collisions and allisions. But it is not only the repair that generates worrying scenarios for companies. It is also the resulting downtime and off-hire that leads to commercial losses and negatively impacts vital customer satisfaction. A tailored marine Hull insurance with a reputable insurer is therefore something that is recommended, and often mandatory, for every commercially active ship owner. Coverage also include special ships such as floating cranes, tug boats or even dry docks.
What does high-quality marine insurance offer?
Marine Hull insurance is a type of ship insurance that covers a large number of risks. As one of the leading underwriting agencies, we operate with a high degree of professionalism and accuracy so that we can identify the best partners with the ideal insurance conditions for our clients. We have many years of experience working with ship owners who use their vessels for commercial purposes, and we take the time to find the perfect Hull insurance for them. The scope of services of the marine insurance policies we select includes all damage to the ship itself, engine damage, damage to fixtures and equipment, and compensation to third parties. General average contributions are of course also included, as is total loss.
What are the advantages of marine hull insurance with an esteemed insurer?
The captain values a watertight ship – we value watertight insurance cover. As a professional underwriting agency, we only work with insurers whose insurance terms and conditions for marine insurance are based on the German Marine Insurance Conditions (ADS), the English Institute Time Clauses – Hulls (ITC) or the Nordic Marine Insurance Plan (Nordic Plan) in order to cover the value of the ship in accordance with the applicable insurance terms and conditions of the German and international markets. This is an important component of the multi-layered insurance policies in marine insurance. In this context, it is also vital to our agency that loss of hire (LOH), Increased Value (IV) and Liability insurance (P&I) are well covered. In the event of a claim, we offer you the support of reliable partners: our network of experts and surveyors are quickly on site and provide straightforward assistance worldwide.
Arrange the ideal marine insurance now
Off-the-shelf standard solutions are not compatible with our philosophy as a renowned underwriting agency. Our aim is to provide tailor-made solutions for the marine industry. Whether it's a hull damage claim or arranging compensation for third parties, we develop intelligent solutions for claims settlement. It goes without saying that we provide you with an experienced contact person to answer all your questions. Your contact will coordinate all necessary actions and be there for you when you need them.
Let us explain the intricacies of marine insurance under the German ADS, English ITC or the Nordic Plan and we will answer all your questions about insurance conditions, deductibles and more. Simply make an appointment with our underwriters at HKVA. We appreciate your interest and look forward to presenting you with the ideal insurance solution.