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.
