Marine Hull Insurance
KBZMS’s Marine Hull insurance provides businesses with comprehensive coverage for hull and machinery of vessels operating both inland and overseas.
Product Highlights
Marine Hull Insurance
Marine hull insurance provides coverage for the physical damage to and total loss of vessel and machinery and equipment caused by maritime perils whilst a Vessel is being navigated inland and overseas. The insurance can provide covers for either Total Loss Only or All Risks.
Sum Insured
Sales Contract value/Accessor Report value
Basic Premium
The premium rate varies based on the type of vessel, usage of vessel, year of built, and maritime boundary where it operates.
Stamp fees MMK 10.00 on Sum Insured MMK 100,000/-
Note: If Age of vessel is more than 20 years, 10% Premium will be charged on Basic Premium.
Coverage & Benefits
What is Covered
Insurance Eligibility
Who can insure
Owner/Authorized Agent
Insurance Period
Voyage policy – Single voyage
Time policy – 15 days to 1 year
Related Products
Commercial Lines Insurance
Overseas Marine Cargo Insurance
Overseas marine cargo insurance provides indemnity for both the Total and Partial loss or damages caused to marine cargo that are transported by sea or air and can also be extended for connecting transit by land.
Personal Lines Insurance
Inland Marine Cargo Insurance
Reduce the risk of financial loss of importing and exporting for your businesses.
