Marine Commercial Hull Policy
The Stepp Truck and Cargo Marine Commercial Hull Policy is designed to cover the vessel against varying degrees of material loss, ranging from restricted cover against total loss only, to wider cover, which can even include the breakdown of machinery.
Features
Features
- The cover is flexible, enabling us to design a tailor-made solution for the client
- Full cover, excluding machinery breakdown
- Total loss, including salvage charges, towing costs, general average, and sue and labour
- We can accept risks of up to R50 000 000 for any vessel
- Cover as defined by internationally accepted conditions, like the Institute Time Clauses (Hulls) and the Institute Fishing Vessel Clauses
- Cover for increased value and disbursements, in addition to underlying hull cover
- Liability cover inclusive of collision cover, as well as protection and indemnity (P&I) liability cover, if required
- Cover for loss of hire
- Cover for war and strikes
- Mortgage interest cover
- Shipbuilders cover