Marine Commercial Hull
Introduction
Marine Commercial Hull Policy is designed to cover the vessel against varying degrees of material loss, ranging from restricted cover against total loss only, to wider cover, which can even include the breakdown of machinery.
Marine Hull insurance responds to physical loss or damage to the actual watercraft and by extension certain liabilities to passengers or third parties. Craft typically insured in the South African market includes private pleasure craft and commercial hull such as the fishing fleets located in local waters.
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