Marine Hull Insurance Policy - Assurance and Compliance



Marine Hull Insurance Policy

Introduction

Welcome to the Marine Hull insurance section of our site. This page provides you with some information about the cover and why we have it.

What is Marine Hull cover?

The policy provides coverage for USP-owned vessels. The sum insured is based on the current market value of the vessels. The values are provided by the responsible School/Department annually or when needed. Any additional vessels must be notified to the Risk and Insurance Unit for cover to be arranged.

What are we insured for?

We are covered for the risks of physical loss or damage, collision and any potential passenger losses.  The policy provides for the cost of replacement or repair following damage and/or loss of items.

How much are we covered for?

Protection & Indemnity including passenger liability:

Limit of Liability

Deductible

2,000,000 FJD (each vessel) Protection & Indemnity, any one occurrence

2,000,000 FJD Passenger Liability, any one occurrence

2,500 FJD for each and every loss

What are the main policy requirements?

How do we report incidents under this policy?

Any incident must be reported to the Risk and Insurance Unit. Reports need to include matters that may result in injury or damage to a third party, such as a visiting lecturer.

Updated: 03-June-17






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