Shipowners who invest large amount of money in Ocean Going Vessels and Vessels operating in Coastal Waters look for apt insurance cover to protect their interest against unforeseen loss or damage caused by perils of sea and human risk factors in connection with the operation of such Vessels.

A team of experts in Al Sagr National Insurance Company well equipped to handle this very specialized type of insurance, perform pro-active consultancy role to our clientele and indicate the best available coverage alternatives to help them arrive at an appropriate decision regarding Marine Hull & Machinery Insurance Coverage.

Brief description of our Operation:

What cover we offer?

  • Loss or damage to Hull & Machinery.

Who is the insured?

  • Shipowner or Manager or Bareboat Charterer.

What is insured?

  • Ocean Going Vessels and Coastal Vessels such as General Cargo, Bulk Carrier, Oil Tankers, Tugs, Barges, Dredgers and even Special Purpose Vessels like Seismographic Vessels, etc.

What are the risks that can be covered?

  • Perils of the seas, rivers, lakes or other navigable waters.
  • Fire or explosion
  • Piracy.
  • Jettison
  • General average sacrifice, salvage charges
  • Earthquake, volcanic eruption or lightning
  • War and SRCC is specifically covered

Premium will be charged appropriately depending on various factors such as Classification, Year Built, Type of Hull, Amount to be Insured, Management, Loss record, etc.

In case our products/services are of interest to you, please do no hesitate to e-mail or call us. Responding to your inquiry will be our prime priority.

Customer satisfaction is our motto, which you will, no doubt, experience through our dedicated service.

2015 Al Sagr National Insurance Company Terms and Conditions



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