To protect against catastrophic events, our Hull & Machinery (H&M) – Total Loss policy provides financial security in the event of:

• Actual Total Loss – when the vessel is completely destroyed or irretrievably lost

• Constructive Total Loss – when the cost of recovery and repair would exceed the vessel’s value after the incident

• Compromised or Agreed Total Loss – when a settlement is reached with insurers in respect of a major casualty

This insurance ensures that shipowners are protected against their most severe exposure – the complete loss of the vessel.