Hull And Machinery Insurance

Whether you operate a large fleet of commercial fishing vessels or a single water taxi, Hull and Machinery insurance is your best protection to keep your business moving. Reliance Insurance will arrange a policy to cover a broad range of physical damage to your vessel’s Hull, Machinery and Equipment. Our insurance coverage offers market-leading protection at highly competitive prices.

Our comprehensive hull & machinery insurance

  • “New for Old” replacement on machinery and equipment
  • Coverage for your Vessel’s equipment that stored ashore
  • Coverage for your Vessel during inland transit
  • Coverage for your Vessel during refit
  • Automatic coverage for newly acquired vessels
  • Plus many more additional coverages at no additional cost

In the event of an insured loss, our Hull & Machinery insurance will pay for all the necessary repairs, by a repairer of your choice, to get your Vessel back in operation and keep your business moving. Our policies are based on Agreed Value and will not apply depreciation to parts or machinery during settlement of claims.

To help protect your vessel and your investment

  • Have an out-of-water survey conducted periodically to locate potential problems before they become actual problems
  • Implement a maintenance programme to keep all parts and machinery in good working order to help improve reliability and prevent wear and tear
  • Ensure your Vessel is insured to a proper limit. In the event of a Total Loss, would you be able to repair/replace your Vessel with a similar one for the amount your Vessel is insured for?

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