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Most of the insuring conditions and/or rules in
respect of hull & machinery and liability/P & I
insurance do not provide for claims, caused by events of a war
or comparable situations. In order to avoid and bridge this gap
in cover, which results from the exclusions in the basic
conditions, it makes sense to take out a war insurance-policy.
This insurance for example covers following perils:
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Warlike events
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Damages by arms, which are left behind
after a war, such as mines
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Terrorist attacks
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Riots and rebellion, caused by
striking dockworkers
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Seizure or expropriation in times of
war
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By noting the above mentioned it becomes clear
that a war-cover is not only useful for customers whose vessels
operate in regions with a latent risk of warlike actions, but
also for clients, whose vessels are used in regions with a
comparatively stable political situation. Owners that insure
against war risks are subject to the market "Current
Excluded areas " which is a list of world areas that are
excluded due to a higher risk potential due to previous or
current political strife. If an owner intends to enter the
Territorial Waters of any of the countries or places described
in this Current Exclusions List, he has to give prior notice to
his insurer and if necessary to pay an additional premium and
accept special warranties of coverage.
As regards the following, a choice of
additional war risk related insurances exists:
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Hull & Machinery Insurances |
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Liability insurance / P & I |
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Loss of Hire Insurance |
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Additional-/ Special Insurances |
  
 
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Heavy fire in the engine room
Fire of the Cargo
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