The ONE Marine Hull Insurance Policy is designed to cover the vessel against varying degrees of material loss, ranging from restricted cover against total loss only, to wider cover, which may include the breakdown of machinery.
This cover is of benefit to small commercial fishing vessels to large fishing companies.
Cover as defined by internationally accepted conditions such as the Institute Time Clauses (Hulls) and the Institute Fishing Vessel Clauses
Increased value and disbursements, in addition to underlying hull cover
Liability cover inclusive of collision cover in addition to protection and indemnity (P&I) liability cover (if required)
War and strikes
Claims and underwriting team with extensive experience in both the South African and Namibian hull insurance markets
The cover is flexible, enabling ONE to design a tailor-made solution for the client
Full cover, excluding machinery breakdown
Total loss, including salvage charges, towing costs, general average, and sue and labour
Specialty in the insurance of fleets or singleton fishing vessels, non-fishing vessels, barges and tugs.