Marine Hull Insurance NZ

What is Marine Hull Insurance?

Marine hull insurance provides comprehensive cover for commercial vessels, fishing boats, and yachts against physical damage. This includes damage to the hull, machinery, equipment, and fixtures of the vessel.

Whether you operate a commercial fishing vessel, charter boat, or luxury yacht, marine hull insurance ensures you can repair or replace your vessel if it's damaged by covered perils.

What Does It Cover?

• Physical damage to hull and structure
• Machinery and equipment breakdown
• Collision liability
• Salvage and recovery costs
• Wreck removal obligations
• Crew injury coverage (optional)

Who Needs Marine Hull Insurance?

Marine hull insurance is essential for:

• • Commercial fishing vessel owners
• • Charter boat operators
• • Marine transport operators
• • Yacht owners (commercial use)

Typical Costs

Marine hull insurance is typically priced as a percentage of the vessel value. Typical rates start from:

• • Commercial vessels: From 1% of value
• • Fishing vessels: From 1.5% of value
• • Yachts: From 1% of value