Hull And Machinery Insurance
Hull and Machinery Insurance is a type of marine insurance that provides coverage for physical damage to a vessel and its machinery. This insurance covers the cost of repairs or replacement of the vessel and its machinery in case of damage or loss due to various perils such as collision, fire, explosion, sinking, and piracy. The coverage also includes damage or loss due to natural disasters such as storms, hurricanes, and earthquakes. Hull and Machinery Insurance is essential for ship owners and operators to protect their vessels and investments from potential financial losses.
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