Marine Hull Insurance

What is Marine Hull Insurance?

Marine Hull Insurance covers against loss or damage to the hull, engines and accessories caused by perils of the sea. It also covers fire, theft, jettison, piracy, explosion and malicious acts.

Marine Hull Insurance gives the vessel owner a level of confidence and security in operating their yachts and ships on international waters.

The type of marine insurance policy sought will depend heavily on your intended use for your vessel, for example, if you intend to carry cargo or passengers, you must obtain the appropriate insurance policy. Our dedicated team of experts is on hand to help and advise you the best cover for your needs. All vessel operators however, should obtain hull insurance as an added safety measure.

What does Marine Hull Insurance cover?

Marine Hull Insurance from Goldstar covers:

  1. All types of Oceangoing vessels
  2. All type of Coastal/Inland vessels
  3. Yard and pleasure Crafts
  4. Port Crafts
  5. Shipbuilding- construction of vessel
  6. Ship Repairers’ Liabilities
  7. Charterers Liabilities
  8. Breaches of warranties / voyage cover
  9. Freight- at -Risks insurance for voyages
  10. Dredgers
  11. Fishing vessels / Trawlers
  12. Sailing Vessels
  13. Jetties (with or without cranes), fixed pontoons/Pontoons Jetties, wharves etc.
  14. Ship breaking

The main risks covered include, but are not limited to;

  • Total loss in terms of actual or constructive loss of the vessel
  • Damages to hull, machinery and equipment onboard the vessel
  • Salvage and applicable charges
  • Legal costs and labor costs
  • Costs for collision defense and attacks
  • Dry docking expenses
  • Costs for marine surveys to assess damage of potential damage

Essentially, all physical damage to a vessel can be covered by Marine Hull Insurance, which extends to recoveries and losses at sea as well.

The policy covers perils of the seas, rivers, lakes or other navigable waters loss/damage to the property insured caused by:

  1. Fire, explosion
  2. Stranding, sinking etc.
  3. Overturning, derailment ( of land conveyance )
  4. Violent theft by persons outside the vessel.
  5. Collision
  6. General average sacrifice, sacrifice, salvage charges
  7. Jettisons
  8. Piracy
  9. Breakdown of or accident to nuclear installations or reactors
  10. Contact with aircraft or similar objects, or objects falling therefrom, land conveyance , dock or harbour equipment or installation.
  11. Earthquake volcanic eruption or lightning.
  12. Crew Negligence.

Goldstar claim process

No matter what your worry is, we’re here to help
explain the process, assess your claim fairly
and minimize the disruption to you with a transparent claims process.
Claim process

How to make a claim

We have a number of options to help you make a 
claim quickly and effectively. Contact our dedicated claims team for advice on
an incident/claim.
Read more

Why choose us ?

Goldstar Insurance was IFM’s Best Insurance
Company in Uganda (2015) and has over
 the years consistently maintained a Global A+ Credit Rating
Read more

Goldstar celebrated 20 Years of Excellence in 2016. We are here to stay, so you can count on us to be there when you need us most. We are the largest local Insurance company and rated the Best Insurance Company in Uganda 2015. Why would you insure with anyone else? Call us today.

INSURANCE POLICY

FAQ's
  • Cover includes comprehensive car insurance (if your car is stolen, damaged by fire or during an accident)
  • Third Party Liability (if other people claim against you for injury or damage to their car or property)
  • Personal Accident cover for the driver offering a compensation of Amount in the event of death/permanent total disablement arising from accident
Roadside Assistance
  • On road repair for minor breakdowns and Lock out or lost key assistance
  • Towing your car to the nearest garage and Emergency fuel assistance
  • Facilitating in change of flat tyre
FAQ's
  • Cover includes comprehensive car insurance (if your car is stolen, damaged by fire or during an accident)
  • Third Party Liability (if other people claim against you for injury or damage to their car or property)
  • Personal Accident cover for the driver offering a compensation of Amount in the event of death/permanent total disablement arising from accident
Roadside Assistance
  • On road repair for minor breakdowns and Lock out or lost key assistance
  • Towing your car to the nearest garage and Emergency fuel assistance
  • Facilitating in change of flat tyre
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