Please note: The information is a general description. For full conditions, premiums, subjects, and warranties, please contact your team Underwriter.
Increased Value (IV) Insurance or Hull Interest Insurance is a property insurance that insures the full value, or mortgage value, of a vessel and/or the additional costs of replacing a vessel if it is a total loss.
Who can be covered?
Shipowners
Limits: Standard limit up to USD 50 million per event (higher limits on request)
Deductibles: None
Important exclusions
- War - War Hull Interest can be purchased separately
- Claims not covered under H&M
Freight Interest Insurance
is property cover which is used to ensure that the full value, or mortgage value, of a vessel and/or the additional costs of replacing a vessel are covered if it is a total loss.
Who can be covered?
Shipowners
Limits: Standard limit up to USD 50 million per event (higher limits on request)
Deductibles: None
Important exclusions
- War - War Freight Interest can be purchased separately
- Claims not covered under H&M
Freight All Risk Cover
A loss of earnings insurance, Freight All Risk Cover, will protect the shipowner or charterer against loss of freight payment.
Who can be covered?
Shipowners
Charterers
Limits: Standard limit up to USD 40 million per event (higher limits on request)
Deductibles: No deductibles
Important exclusions
- War - separate War Insurance is available
