
Marine Insurance
海事保險
Marine Hull War Insurance covers war perils excluded under marine hull policies and is generally written at the same time as Marine Hull Insurance. Covers principally provided under Marine Hull War Insurance include:
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Physical damage to hull
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Detainment
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War risks Protection and Indemnity (P&I)
In addition, the assured can choose to take out insurance for War Loss of Hire as a result of physical damage and/or detainment of vessel arising from war risk perils.
Marine Cargo Insurance also incorporates exclusion clauses excluding loss or damage to the insured cargo caused by war perils such as war, civil wars, rebellions, and etc. To safeguard shipments from such risks, it is necessary to take out Marine Cargo War Insurance which is usually issued as a companion to Marine Cargo Insurance.