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Aviation insurance provides coverage for hull losses as well as liability for passenger injuries, environmental and third-party damage caused by aircraft accidents. Aviation insurance is insurance coverage geared specifically to the operation of aircraft and the risks involved in aviation. Aviation insurance policies are distinctly different ...
Protection and indemnity insurance, more commonly known as P&I insurance, is a form of mutual maritime insurance provided by a P&I club. [1] Whereas a marine insurance company provides "hull and machinery" cover for shipowners, and cargo cover for cargo owners, a P&I club provides cover for open-ended risks that traditional insurers are reluctant to insure.
Yacht Insurance: Insurance of pleasure craft is generally known as "yacht insurance" and includes liability coverage. Smaller vessels such as yachts and fishing vessels are typically underwritten on a "binding authority" or "line slip" basis. War risks: General hull
The P&I policy would likely be "several multiples" of the hull policy, or $200-300 million, Alvarez added, noting it would also likely cover liability payments even if the captain or crew are ...
The Club also provides comprehensive cover for Hull and Machinery, plus associated lines of insurance from its London office. Hull and Machinery (H&M) insurance protects the vessel itself. There are a number of sub-classes under the H&M banner, such as Increased Value (IV), Loss of Hire and War.
Gard provides liability, property, and income insurances to shipowners and operators, including tailor-made covers adapted for individual operators, as well as many non-standard P&I shipping covers. Liability insurance, known as P&I insurance, protects the shipowner against third-party liabilities and expenses arising from the ownership and ...
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