Marine insurance explained: hull, cargo and P&I cover
A practical introduction to hull, cargo, P&I and loss-of-hire insurance, with examples of insured interests, exclusions, general average and claims.
8 min readRead guide
THE SUBJECT COLLECTION
Marine insurance.
A ship, its cargo and the liabilities of its operator create different insurance questions. Start with the main covers and the boundary between property and liability claims, then explore how insurers share their own exposure through reinsurance.
3 guides ·Foundation & Intermediate · Free to readYOUR READING LIST
The guides.
P&I vs hull and machinery insurance: cover and collision claims
Compare H&M and P&I through ship damage, cargo liability, crew claims and a worked collision example, including deductibles and alternative cover arrangements.
7 min readRead guide
Marine reinsurance: treaty, facultative and excess of loss explained
Understand how marine insurers use reinsurance, with worked quota-share and excess-of-loss examples, a clear contract map and the limits of risk transfer.
7 min readRead guide
SEE THE CONNECTIONS
Other subjects.
Cargo insurance
Goods in transit, insured values and the practical differences between cargo clauses.
Explore the subjectUnderwriting & risk
How underwriters assess marine risks, use claims information and turn a submission into policy terms.
Explore the subjectMarine claims
Notification, evidence and settlement, with general average contributions and salvage rewards.
Explore the subjectShipping business
Owners, charterers, carriers and cargo interests, and the contracts that connect their responsibilities.
Explore the subject