The Marine Hull insurance policy provides insurance protection for ships or vessels, its hull materials, machinery and equipment against loss or damage which the vessel owner may incur due to perils of the sea.

The Marine Hull coverage include:

• Physical Loss or damage to a ship's hull, machinery or equipment which may result in either total loss (actual or constructive to the insured's property) or partial damage (known as particular average)
  
• Expenses to prevent or reduce loss (sue and labor, salvage charges)
  
• General average contributions
  
• Liability arising from collision with other vessels

The Marine Cargo insurance policy is designed to insure merchandise from the time it leaves the seller’s premises until it reaches the buyer. It encompasses all modes of conveyances, be it by land, sea or air. It covers both inter-island and international voyages.

The standard coverage provided under the Marine Cargo Insurance policy are:

• Physical loss or damage to insured goods which may result in either total loss (actual or constructive to the insured's property) or partial damage (known as particular average)
  
• Expenses to prevent or reduce loss (sue and labor)
  
• Forwarding charges for goods discharged short of destination as a result of an insured peril
  
• General Average or the sacrifice of one person's goods in order to save a venture; the sacrifice will be made good by those whose goods are saved .