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 has always lived up to its name; consistently one step ahead of the industry in the provision of better and affordable risk management solutions. We are a major player in the provision of first-rate financial risk solutions in the General and Special Risks business underwriting categories. We have established a reputation for exceptional competence in the delivery of customer-centric services and product innovation. With a strong capital base, highly qualified professionals, and modern technology, Guinea Insurance PLC became widely acknowledged for speed and efficiency and thus, remained the preferred insurer for individual and corporate clientele seeking premium insurance and related financial services to date.

Contact

Guinea Insurance House
33 Ikorodu Road Jibowu, Lagos.

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