Marine hull insurance for ocean freight provides financial protection for the physical structure of a ship or vessel, its machinery, and equipment. It covers damage or loss caused by perils of the sea, such as storms, collisions, groundings, and fires.
Marine hull insurance is essential for ocean freight because it helps to ensure that businesses can recover the costs of replacing or repairing their vessels in the event of an accident. This coverage can also provide protection against liabilities associated with damage to other vessels or property.
