Secure non cargo marine assets, including marine hull and machinery

Marine Hull and Machinery Insurance

Shipowners can protect themselves under Marine Hull Insurance against loss or damage to their ships. The cover can also be taken by other parties to cover their interests such as charterers, shipbuilders, bankers / financiers etc. Hull and Machinery insurance covers damage to the vessel from various factors such as perils of the sea, machinery breakdown, crew handling etc

Port Package Policy

Port or terminal owners while providing services to owners and handlers of cargo such as storage, berth etc are also exposed to financial and operational risks. The package policy protects their liability towards others’ property while also covering their property.

Builders Risk Insurance

Shipbuilders (yards) are exposed to financial risks from the time the ship building activity is started until the completion of construction and testing of the vessel. This policy can run across multiple underwriting years and offers protection from the time that the keel of the ship is laid and through the ship building activity , trial and sometimes until handling of the ship to the owner. The owner of the ship can also be a co-insured under the policy, subject to underwriter’s approval.


Who should buy marine hull insurance?
The policy can cover various types of sea faring vessels, so anyone who owns any water-faring vessel like a ship, boat, yacht, trawler, fishing boat, cruise ship, may evaluate a Marine Hull insurance policy.
What are the exclusions under marine property insurance ?
Typically, acts of willful negligence, war and nuclear threats, normal wear and tear are common exclusions under the policies. Policy terms and conditions, premium can vary significantly across insurers for the same risk. Blue Armour Insurance Brokers can advise you coverage terms as well as premium rates across the process.

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Direct Broker (General), IRDA License No 728 (Valid upto 25th August, 2023), Bluearmour Insurance Brokers Private Limited, CIN: U66000HR2019PTC084231