Vessel Protect Loss of Hire
Loss of Hire provides coverage to the insured for loss of income as a result of physical damage to the vessel that is recoverable under the War Risk Hull insurance of the vessel. It can also be triggered when the vessel is unable to leave the port under certain circumstances such as being ‘blocked and trapped’. This is an added extra which you can take out with your traditional Hull War insurance to give you complete comfort and peace of mind.
What type of business can we provide cover for?
Shipping companies, regardless of the size of their fleet
What's covered?
• Supplementary cover to traditional Hull War insurance
• Covering loss of income as a result of physical damage to the vessel following a War Risk Hull claim
• Or loss of income if the vessel is unable to leave the port, for example being ‘blocked and trapped’
Does your client also need?