Which of the following covers damages to the body of a ship and its machinery?
Answer Details
Hull insurance covers damages to the body of a ship and its machinery. It is a type of marine insurance that protects the vessel itself from physical damage or loss caused by risks such as collisions, storms, piracy, and other perils of the sea. The insurance coverage extends to the ship's hull, machinery, and equipment, including fittings, furnishings, and stores, and it may also include liability coverage for third-party claims arising from the use of the vessel. Hull insurance is an essential protection for shipowners and operators, as it helps to minimize the financial impact of unforeseen events that can damage or disable a ship and interrupt its operations.