What is typical coverage under the Hull Insurance policy?

Hull Insurance is a type of marine insurance specifically designed to cover physical damage to a ship or vessel. This includes protection against risks that could occur while the ship is in transit, such as accidents, bad weather, and various other hazards that could cause damage to the hull of the ship itself.

The focus of a Hull Insurance policy is on safeguarding the vessel from physical risks rather than covering liability or other operational aspects related to the cargo or crew. Therefore, obtaining coverage for physical damage to the ship aligns perfectly with the primary purpose of Hull Insurance. It protects the investment in the vessel itself, making this coverage critical for ship owners.

While other options mention liability for cargo, crew health, and damage to third-party vessels, these fall outside the primary objective of Hull Insurance, which is exclusively concerned with the ship's hull and its integrity.