What is the two types of marine hull insurance policies?

Question

Mamoun elbaghir abdalla mhamad Eltayeb · Answer

Thank you Sirs for your participation and answers.

As marine hull insurance coverage is not two but one cover and interest insured comprises the following :-

1/ Hull and2/ Machinery of the vessels3/ Increased value.

So , my intention is a question for the two types of marine hull insurance POLICIES which is as hereunder :-

Type (1) Voyage policy , covers the vessel for a particular voyage.

Type (2 ) Time policy ,covers the vessel for a period of time usually12 months.

I hope this will clarify the matter .

Thanking you.

Arif Mudasir · Answer

1) Marine Hull And Machinery &2) Vessel Protection & Indemnity Policy

Farah Husni · Answer

1. Hull Insurance for vessels, craft, hull machinery including builders risks

2. Cargo Insurance for goods, cargoes, merchandise such as air cargo and parcels.