One of the largest marine hull insurers worldwide, we provide a range of customised products and services.
Cover offered subject to standard market conditions
Nordic Marine Insurance Plan
English Institute Time Clauses Hulls (ITCH)
Superior claims service by in-house experts
Dedicated team for the handling of H&M claims where the majority of team members are ex-mariners with experience of all vessel types
Dedicated in-house team of experienced Average Adjusters
Ability to call on experts throughout the global Gard organisation with experience as naval architects, fleet directors, class superintendents, chemists and marine biologists, and legal professionals
Global presence, local service
A close co-operation with our extensive network of local correspondents in all major ports
Due to our leading position in the market as a whole, we have a good overview of and working relationships with the available expertise and all quality laboratories
Every two years, Gard hosts a Surveyors’ Day where we invite surveyors from organisations around the world to a seminar in Norway to facilitate training on current topics and knowledge sharing
Frequently asked questions
The Hull and Machinery insurance covers the assured’s economic interest in the subject matter insured – namely the ship and its equipment.
The standard conditions will typically include cover for:
• Physical damage to the ship
• Total loss
• Collision and striking liability (optional)
• Ship’s contribution to General Average
• Sue and labour expenses
Hull and Machinery insurance is a property type insurance protecting the insured ship against physical damage or total loss caused by a peril of the sea or other covered risks.
Cover under Nordic Marine Insurance Plan and German ADS/DTVH conditions are based on “All Risks”, while Institute Time Clauses – Hulls, American Institute Hull Clauses and Institute Standard Dutch Hull Form are based on “Named Perils”.
As to insured perils, H&M may be based on “All Risks”-cover, where all perils are insured against unless they are specifically excluded, or “Named Perils”, where only perils mentioned in the insurance conditions are covered.