Maritime Mutual can provide comprehensive H&M insurance in addition to Maritime Mutual P&I cover. This is an exclusive service available to Maritime Mutual Members and their entered vessels only. The upper limit of cover usually offered is USD 2 million but higher limits can be made available upon request.
The scope and terms of Maritime Mutual’s H&M cover are based on the globally recognised ITC Hulls 1/11/95 clauses. Members may select either ITC ‘95 Full Terms (CL.280) or ITC ’95 Restricted Terms (CL. 289), together with appropriate ITC ’95 War and Strikes cover.
A summary of both the asset and liability cover provided by the ITC ’95 Full Terms clauses is as follows:
Additional standard H&M clauses may also be agreed and included, together with other Maritime Mutual terms e.g. that a mortgagee bank is to be the policy beneficiary.
24 hr | 7 days per week | 365 days per year
Maritime Mutual Insurance Association (NZ) Limited is not licensed to carry on insurance business in New Zealand. It is not subject to the Insurance (Prudential Supervision) Act 2010 and is not supervised by the Reserve Bank of New Zealand. Insurance underwritten by Maritime Mutual Insurance Association (NZ) Limited is not available to persons resident in New Zealand.
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