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Wednesday, May 25, 2022

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Marine Hull Insurance

Features: Covering Hull, Machinery and Third Party Collision Liability in respect of pleasure boats, yachts and ocean going vessels. The Policy can be extended to cover P & I (Protection & Indemnity) for the classed, maintained vessel.

Benefits: The policy provides indemnity against loss or damage to the subject matter insured caused by maritime perils and liability as per cover provided.

Premium is calculated as a percentage of the agreed value to the subject matter insured. Rate varies according to type, age, value and usage of the vessel.

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