Marine Hull Insurance

Whether a pleasure or commercial vessel, this policy provides cover for loss of or damage to the physical and mechanical structure of any hull or ship, pleasure yachts, charter boats, head boats (including their machinery, equipment, standard fittings and accessories therein). It can be on Time or Voyage basis.

What is Covered?

The hull policy covers physical damage to the hull caused by fire, explosion and other marine perils. It also covers damage to machinery and other equipment and apparatus installed on the vessel. Collision liability can be covered up to the value of the vessel. Additional coverage is available for excess collision liability and strikes, riots and war risks.

This cover:

  • Accident
  • Theft
  • Fire, explosion and earthquake
  • Storm, hail and flood
  • Salvage costs
  • Medical expenses for injuries to people caused while using the craft
  • Liability to other people

Marine Hull Insurance: Covers any hull or ship, motorboat, houseboat (including their machinery, equipment, standard fittings and accessories therein). It can be on Time or Voyage basis

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Guinea Insurance Company Limited became operative from December 3, 1958. The Overseas shareholders held 51% majority shares before the indigenization decree of 1976, reversed the holding to 60% Nigerian interest, 40% overseas.

The Overseas Shareholders divested their 40% holding to existing Nigerian Shareholders in 1988 thereby making the Company 100% Nigerian.

Contact

Guinea Insurance House
33 Ikorodu Road Jibowu, Lagos.

Copyright © 2020 Guinea Insurance Company Limited RC1808. Authorised & Regulated by the National Insurance Commission RIC N0. - 017