Marine Hull
Providing coverage for loss or damage to the hull and machinery of insured vessels navigating within Myanmar and internationally, caused by maritime risks.
Key Benefits
Comprehensive protection designed for your peace of mind.
Comprehensive Coverage
Protect your goods during transportation within Myanmar, with our comprehensive Inland Transit Insurance.
Simple & Efficient
Secure your foods with a single insurance policy that covers their journey from origin to final destination.
Peace of Mind
Focus on your business while our dedicated team ensures your goods are protected throughout the journey.
Product Features
Comprehensive coverage options tailored to your needs.
Eligibility
- Anyone who owns property or has a legal duty to protect property can get insurance.
- For coverage of all items in the premises, see below:
- 1. Building
- 2. Machinery
- 3. Furniture, Fixture and Fitting
- 4. Stocks (raw materials, finished goods)
Policy Term
- 1. Minimum policy term 3 months
- 2. Maximum policy term 1 year (renewable on a yearly basis)
Premium Rating
- 0.21% to 1.5% on sum insured (Purchase value or replacement value of the insured properties)
- Subject to
- 1. depending on the risks of occupancy
- 2. other underwriting factors
Basic Coverage
- 1. unforeseen and sudden physical loss such as machinery breakdown or damage
- 2. property and material damage from natural risks such as fire, flood, storm, earthquake
Additional Coverage
- 1. coverage for business income loss
- 2. protection against claims from third-party injury or property damage.
Frequently Asked Questions
Common questions about our insurance coverage.
Who should purchase Marine Hull Insurance?
It is designed for shipowners, operators, shipping companies, and businesses involved in maritime transport.
Does it cover the cargo inside the vessel?
No, cargo is typically covered under Marine Cargo Insurance, rather than Hull Insurance.
Are mechanical or electrical failures covered?
Optional coverage is available for machinery breakdown or latent defects, depending on policy terms.
What is “Total Loss” in Marine Hull Insurance?
It refers to a situation when a vessel is completely lost, destroyed, or damaged beyond economical repair.
Can policies be tailored to specific routes or waters?
Yes, coverage can be customized based on geographical regions and voyage plans.