Covers physical damage to electronic equipment and devices ranging from navigation- and communication systems to crane control- and machine monitoring systems. Cover is structured to coincide with the deductible on the vessel's Hull & Machinery policy, thus ensuring seamless continuity of cover with a much reduced client retention.
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Scope:
Covers an ever increasing array of electronic equipment on-boardships against physical damage where the individual component has a value less than the vessel's Hull & Machinery deductible, and therefore is not covered other than for catastrophe claims.
Applies to:
Shipowners and operators wishing to reduce the impact of electronic equipment damage and loss.
How it works:
Covers physical damage to electronic equipment and devices ranging from navigation- and communication systems to crane control- and machine monitoring systems. Cover is structured to coincide with the deductible on the vessel's Hull & Machinery policy, thus ensuring seamless continuity of cover with a much reduced client retention.
Markets:
Germany
Price Range:
EUR 3,500 - USD 4,000
Time to Market:
14 days.
