Increased Value (IV)

Home Insurance Marine Increased Value (IV)

Increased Value (IV)

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

Visiting address

The Swedish Club
Gullbergs Strandgata 6
SE-411 04 Gothenburg
Sweden

Postal address

The Swedish Club
Gullbergs Strandgata 6
P.O Box 171
SE-401 22 Gothenburg
Sweden

Phone/E-mail

Tel +46 31 638 400
For Claims and Underwriting, please see our Office contacts
E-mail swedish.club@swedishclub.com

Emergency

GOTHENBURG: +46 31 151 328
Athens: +30 6944 530 856
Oslo: +46 31 151 328
London: +46 31 151 328
Hong Kong: +852 2598 6464
Singapore: +852 2598 6464


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