Hull & Machinery Insurance

Novus can complement its Protection & Indemnity coverage or provide a monoline Hull Policy for almost any commercial and personal vessel in the world.

Register Here To Become Appointed Wholesale Broker Access

Sample Classes Available:

  • Offshore Supply
  • Tug boats
  • Blue and Brown Water Vessels
  • Utility Fishing Vessels
  • Commercial Fishing vessels
  • Support Vessels
  • Tankers
  • Steamship Vessels
  • Bulkers
  • Many Other Classes Available!

Coverages Available:

  • Hull & Machinery
  • Increased Value/Hull Interest
  • Freight Interest
  • War Risks
  • Loss of Hire
  • Coastal Vessels
  • Conversion Risks
  • Voyage Risks
  • Mortgagee’s Interest
  • Many Other Marine Products Available!

Geographical Area: Worldwide Coverage (admitted and non-admitted capabilities)

Submission Requirements: Supplemental Application; Loss Runs (if available); Condition of Vessel, Age/Size/Construction/Horsepower/Value of Vessel, Areas of Operations, Experience of Owner/Captain/Crew, Vessel Use (type of towing, cargo, etc.)

Maximum Limit: $1,000,000,000+

Minimum Premium: $1,500+

Minimum Deductible: $500+

Submission Process: Via online quoting platform or submissions@novusunderwriters.com

London Submissions: To access the International London market for larger submissions and on a quota share basis, please submit to london@novusunderwriters.com