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Hull & Machinery
Hull & Machinery (H&M) insurance policy covers accidental loss or damage to any ship or other vessels like tugboats, barges.
The key coverage provided under the H&M policy are:
- Accidental physical loss or damage to the insured vessel
- Collision Liability arising out of contact with a fixed or a floating object
- Cover for salvage, general average, sue and labour expenses, legal costs
The policy can be issued for a single vessel or for a fleet of vessels.
