Marine Hull Insurance
Why you need marine hull insurance?
If you are the owner of a vessel, you can purchase Marine Hull Insurance for your vessel against sea or river perils, such as natural disasters and piracy. It covers for your vessel not only the sea or river perils, but also the hull and machinery loss or damage.
Do sellers or traders of marine vessels also need marine hull insurance?
Not necessary. Mostly the owner can buy an annual policy, but sometimes the trader can buy a voyage policy for the hire of the vessel.
What documentations are required for applying marine hull insurance?
- Completed Proposal Form
- Ship Valuation Documentation (Accessor Report/Sales Contract)
- Ship Photographs (Front, Rear, Side, and Engine Room)
- A Copy of Ship License
- A Copy of Valid LSA Certificate (For Coastal Vessel)
- A Copy of Valid Business License
- A Copy of Load Line Certificate
- A Copy of the Shipmaster’s License/Brief Master Biography
- Survey Report by Our Survey Team
- Other Relevant Documents
When I have questions about the requirements, what should I do?
For detailed information and clarification, you can reach out to KBZMS Call Centre (+959) 95 007 7000 if you have any questions.
What are the payment options?
After receiving the Debit Note, you can pay the premium at the KBZMS offices or directly to KBZMS bank accounts via KBZ bank QuickPay services or other KBZMS designated bank accounts through mobile banking or internet banking, or nearest bank branches of Major banks. Please refer to the Debit Note for the detailed bank account information.
What should I do if I met the loss occur?
Notify the KBZMS Call Centre at (+959) 95 007 7000 immediately and let us know the following:
- Explained Brief Details of the Loss Occurrence
- Location of Loss Occurred
- Claimant Contact Information
How can I renew my policy?
A renewal notice will be sent to you before the policy expiry, and you can renew your policy for next term by paying the premium.
How long is the insurance coverage valid until the expiry date?
The insurance coverage is valid until midnight (12:00) on the expiry date.
