The Swedish Club: International Marine Insurance - Insurance - Increased Value (IV)

Increased Value (IV)

Home Insurance Marine Increased Value (IV)

Increased Value (IV)

Marine insuranceIncreased Value (IV) Insurance or Hull Interest Insurance, is a property insurance which insures the full value, or mortgage value, of a vessel and/or the additional costs of replacing a vessel it is a total loss.

More info in Marine insurance folder

Increased Value (IV) Insurance (page 6) »
Freight Interest Insurance (page 8) »
Freight All Risk Cover (page 10) »

Who can be covered?
Shipowners

Limits: Standard limit up to USD 50 million per event (higher limits on request)

Deductibles: None

Freight Interest Insurance (page 8)

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 it if 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

Freight All Risk Cover (page 10)

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

freight

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