Marine Hull

Sail off with comprehensive cover. Go further with smarter coverage.

What is Marine Hull insurance?

It is a plan which covers the:

Shipbuilder’s Risks for construction of ships
Hull and Machinery Insurance
War Risks
Disbursements and Increase Value Insurance for Commercial Hulls such as:
- tugs
- barges
- coastal and ocean going vessels

Note:

Malaysian registered vessels have to be insured locally in Malaysia.

Key coverage

Here is an overview of your coverage

Marine– Hull & Machinery

Your vessel is covered during operation within specified trading limits.

Coverage and benefits are subject to

a) Institute Time Clauses (Hull) 1.10.83.
Partial Loss and Total Loss of your vessel

b) Institute Time Clauses (Total Loss only) 1.10.83.
Total Loss (Actual Total Loss and Constructive Total Loss) of your vessel caused by:

Perils of the seas, rivers, lakes or other navigable waters
Fire and explosion
Violent theft by persons from outside the vessel
Jettison
Piracy
Breakdown of or accident to nuclear installations or reactors
Contact with aircraft or similar objects, or objects falling therefrom, land conveyance, dock or harbor equipment or installation
Earthquake, volcanic eruption or lightning

And provided such loss or damage has not resulted from lack of due diligence by the Assured, Owners or Managers.

Accident in loading, discharging or shifting cargo or fuel
Bursting of boiler, breakage of shafts or any latent defects in the machinery or hull
Negligence of Master Officer, Crew or Pilots
Negligence of repairers or charterers, provided they are not Assured hereunder
Barratry of Master Officers or Crew

How much is my premium?

Your premium may vary, depending on

The type of cover selected
Any additional cover selected
The sum insured
Our underwriting requirements

Product literature

What we don’t cover

Marine – Hull & Machinery

War Risks, Strike Risks and Malicious Acts
- for an additional premium, coverage may be extended to the “Institute War And Strikes Clauses (Hulls – Time)”
Nuclear exclusion
Radioactive Contamination, Chemical, Biological, Bio-Chemical and Electromagnetic Weapon

Note: This list is non-exhaustive. Please refer to the sample policy contract for the full list of exclusions under this policy.

Important information

This plan is underwritten by Tokio Marine Insurans (Malaysia) Berhad. All benefits and features mentioned herein are subject to terms and conditions of the policy. It is In your best interest to refer to the Policy Contract for the precise terms and conditions of this insurance plan. The information shown here is for reference only and is accurate as at 30 June 2012.

Note: You should satisfy yourself that this policy will best serve your needs. You should read and understand the insurance policy, and at all times, feel free to contact us for more information.