Hull & Machinery
The Swedish Club has offered Hull & Machinery insurance cover on a mutual basis since 1872. The insurance covers the assured’s economic interest in the vessel, and its equipment and cover are offered for total and partial losses of the insured property.
The Hull & Machinery insurance also contains an element of cover for liabilities to third parties, namely the assured’s liability for collisions and often liabilities for a vessel’s striking fixed or floating objects.
This insurance also covers the assured’s costs of measures to avert or minimise loss (sue and labour), salvage and general average.
The Swedish Club offers insurance on international standard hull conditions such as, for example, the Nordic Marine Insurance Plan, the English Institute Time Clauses, the American Institute Hull Clauses and the German ADS/DTV Clauses.
We strive to meet our members’ insurance needs and are always willing to discuss specific requirements and tailor-made solutions.
The Swedish Club has a highly qualified service organisation to assist our members 24/7.
We favour good relationships and close cooperation with our members in the claims handling process. This may include onsite assistance by our in-house surveyor and/or technical experts. Claims are generally adjusted by our team of in-house adjusters, which has time and cost benefits both to members and the Club.
For more information on the Nordic Marine Insurance Plan conditions: www.nordicplan.org