An insurance policy that covers the body of the ship only is called

Answer Details

An insurance policy that covers the body of the ship only is called Hull insurance. The hull of the ship is the main body or frame of the vessel, which includes the decks, the engine room, and all the machinery on board. Hull insurance provides protection to shipowners against loss or damage to their vessels due to various risks, such as collision, grounding, fire, and piracy. This type of insurance does not cover any cargo on board the ship or any liability arising from the operation of the vessel. Haulage insurance, voyage insurance, and cargo insurance are different types of marine insurance policies that cover other aspects of the shipping industry.