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MARINE EQUIPMENT INSURANCE THAT PROTECTS YOUR ASSETS
Why Marine Equipment Insurance Matters
Marine operations involve significant risks including vessel damage, equipment failure, cargo loss, and third-party liability. A single incident at sea can result in substantial financial losses. Insure24's marine equipment insurance provides comprehensive protection tailored to your maritime business needs, ensuring your operations continue smoothly even after unexpected events.
Comprehensive Marine Coverage
Protect your maritime assets with tailored insurance solutions covering vessels, equipment, cargo, and operations.
- Vessel Hull Coverage - Protection for your vessel's structure, machinery, and equipment against physical damage, collision, and total loss.
- Equipment Breakdown - Coverage for loss of use and repair costs when critical marine equipment fails or malfunctions.
- Cargo Protection - Comprehensive coverage for goods in transit, protecting against loss, damage, or theft during marine transport.
- Liability Coverage - Protection against third-party claims for bodily injury, property damage, or environmental damage caused by your marine operations.
- Pollution Liability - Coverage for costs arising from accidental pollution incidents, including cleanup and third-party claims.
Common Marine Risks
- Vessel collisions and groundings
- Engine and machinery failure
- Cargo loss or damage during transit
- Weather-related damage and storms
- Piracy and theft at sea
- Environmental pollution incidents
- Third-party liability claims
- Crew injuries and medical emergencies
Why Choose Insure24
- Marine Expertise - Our specialists understand maritime operations and can tailor coverage to your specific vessel type and operations.
- Fast Claims - Rapid response and support when incidents occur, with dedicated marine claims teams available 24/7.
- Competitive Pricing - Affordable premiums for comprehensive marine coverage without compromising on protection quality.
- Global Coverage - Protection for your marine operations worldwide, including international waters and multiple ports.
How to Get Marine Equipment Insurance
- 1. Get a Quote - Provide details about your vessel, equipment, operations, and maritime experience.
- 2. Review Coverage - Our team explains your options and recommends appropriate coverage levels for your marine operations.
- 3. Customise Your Policy - Adjust coverage limits and add optional protections based on your specific maritime needs.
- 4. Purchase & Activate - Complete your purchase and receive immediate coverage confirmation for your marine assets.
After equipment failure at sea, Insure24's marine insurance covered our repair costs and business interruption losses. Professional service when we needed it most
James T., Commercial Fishing OperatorPROTECT YOUR MARINE ASSETS
- Vessel repair and replacement costs
- Equipment maintenance and restoration
- Cargo loss or damage compensation
- Third-party liability claims and damages
- Environmental remediation and penalties
Compliance & Regulations
Our marine equipment insurance policies are designed to help you meet key maritime regulatory requirements including:
- International Maritime Organization (IMO) requirements
- Maritime and Coastguard Agency (MCA) standards
- Port state control compliance
- Environmental liability regulations
- Crew welfare and safety standards
FREQUENTLY ASKED QUESTIONS
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What is marine equipment insurance?
Marine equipment insurance is a specialized policy designed to protect vessels, maritime equipment, cargo, and related assets against loss, damage, or liability arising from maritime operations. It covers physical damage, equipment breakdown, cargo loss, and third-party liability claims.
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What types of vessels can be insured?
We provide coverage for commercial fishing vessels, cargo ships, tankers, passenger vessels, tugboats, barges, offshore support vessels, yachts, and other commercial marine vessels. Coverage can be tailored to your specific vessel type and operations.
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What does hull coverage include?
Hull coverage protects your vessel's structure, machinery, equipment, and fittings against physical damage from collision, grounding, weather, fire, and other insured perils. It includes total loss coverage and partial damage repair costs.
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Is cargo coverage included in marine insurance?
Cargo coverage can be added to your marine insurance policy. It protects goods in transit against loss, damage, or theft during marine transport, covering goods on your vessel or when transported by third parties.
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What is protection and indemnity (P&I) insurance?
P&I insurance covers third-party liability claims arising from your marine operations, including bodily injury, property damage, environmental pollution, and crew-related claims. It protects you against legal liability and compensation claims.
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How much does marine equipment insurance cost?
Premiums vary based on vessel type, age, size, value, operational area, crew experience, claims history, and coverage limits. Contact us for a personalized quote tailored to your specific marine operations.
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Does marine insurance cover weather damage?
Yes, marine insurance typically covers damage caused by storms, heavy seas, hurricanes, and other weather-related perils. Coverage includes damage to the vessel, equipment, and cargo caused by adverse weather conditions.
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What is equipment breakdown coverage?
Equipment breakdown coverage protects against financial losses when critical marine equipment fails or malfunctions, covering repair costs, replacement expenses, and loss of income during downtime.
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Is pollution liability covered?
Yes, marine insurance can include pollution liability coverage protecting against costs arising from accidental pollution incidents, including cleanup expenses, third-party claims, and regulatory penalties.
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What is not covered by marine insurance?
Typical exclusions include losses from poor maintenance, intentional acts, war or terrorism, pre-existing damage, and incidents occurring before policy inception. Review your policy for specific exclusions.
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How do I file a marine insurance claim?
Contact Insure24 immediately following an incident. Our marine claims team will guide you through the process, arrange surveys if needed, and coordinate recovery support.
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What is a marine survey?
A marine survey is a professional inspection of your vessel to assess its condition, value, and seaworthiness. Insurers often require surveys before issuing policies or settling large claims.
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Can I get insurance for an older vessel?
Yes, we can provide coverage for older vessels. Premiums may be higher, and a marine survey is typically required to assess the vessel's condition and seaworthiness.
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Does marine insurance cover crew injuries?
Crew injury coverage can be included in your marine insurance policy, protecting against medical expenses, disability benefits, and liability claims arising from crew injuries during maritime operations.
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What is the difference between named peril and all-risk coverage?
Named peril coverage protects only against specific listed risks, while all-risk coverage provides broader protection against most perils except those specifically excluded. All-risk coverage typically costs more but offers greater protection.
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Is piracy covered by marine insurance?
Yes, marine insurance typically covers losses from piracy and theft at sea, including vessel hijacking, cargo theft, and related incidents in high-risk maritime areas.
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What is salvage and sue coverage?
Salvage and sue coverage covers costs associated with salvaging your vessel after an incident and pursuing legal claims against third parties responsible for damage to your vessel.
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Can I get coverage for offshore operations?
Yes, we provide specialized coverage for offshore operations including oil and gas support, renewable energy installations, and other offshore marine activities with tailored protection.
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What is business interruption coverage for marine operations?
Business interruption coverage compensates for lost income and ongoing expenses when your vessel is out of service due to an insured incident, helping maintain financial stability during repairs.
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How often should I review my marine insurance?
Review your marine insurance annually at renewal, or whenever your vessel, operations, or business circumstances change significantly. Regular reviews ensure your coverage remains adequate.