Hull insurance protects owners and others with an insurable interest against losses, damage and expenses incurred to the vessel as a result of an insured peril.

• Ocean (Blue Water) Hull:
  All ocean-going vessels such as tankers, container vessels, cruise vessels etc. Typically coverage for hull and machinery and occasionally other interests such as increased value, disbursements or collision liability.
  
• River, Inland , Coastal, and Fishing Vessels:
  As already implied by the name, vessels which trade on inland or in coastal waters such as tugs, barges, or excursion vessels.
  
• Yachts:
  Privately or corporately owned vessels. These can vary from small sailing boats to megayachts.
  
• Loss of Hire:
  This is a separate insurance against the loss of freight / charter resulting from a claim covered under the Hull and Machinery policy of the vessel.
  
• Builder’s Risks:
  This covers new construction and conversion of all types of vessels.