Hull & Machinery Insurance

Hull & Machinery Marine Insurance

Compass Marine Insurance provides tailored H&M coverage for vessels of all types and sizes. Our policies cover total loss, partial loss, collision liability, and general average.

Coverage Options

• Hull & Machinery: Full hull value coverage on agreed basis
• Increased Value: Disbursements, freight, and bunker interests
• Loss of Hire: Daily compensation for repair periods
• War Risks: Including piracy and terrorism
• P&I Excess: Coverage above club limits

Why Choose Us

1. A-rated security with Lloyd's and IUA markets
2. 24/7 claims response with dedicated adjusters
3. Competitive premiums for well-managed fleets
4. Flexible payment terms including quarterly installments

We insure a portfolio of 2,500+ vessels with total insured values exceeding $35 billion. Average claim settlement time: 14 days.