Marine Insurance

What Marine Insurance offers

The scope of a marine insurance policy varies and is generally determined by the underlying nature of the risk.

Marine Cargo insurance responds to physical loss or damage to goods imported, exported or transported within Namibia by any professional mode of transportation be it ship, plane, train or truck. Therefore it appeals widely to shippers within international trade and professional hauliers. Ask us about our stock-throughput offering and project-type cover.

Marine Hull insurance responds to physical loss or damage to the actual watercraft and by extension certain liabilities to passengers or third parties. Craft typically insured in the Namibian market includes private pleasure craft and commercial hulls such as fishing fleets located in local waters.

Hollard’s Marine Liability products respond to the legal liability needs of ship repairers, shipbuilders, charterers and stevedores.

Depending on the kind of insurance requested, exclusions can and do apply.

Typical exclusions to cargo cover include, amongst others:

• Loss, damage or expense resulting from deliberate damage or wilful misconduct by the assured
• Ordinary leakage or wear and tear of the insured goods
• Loss caused by delay
• Unseaworthiness of a vessel or craft
• Insufficiency or unsuitability of the packing by the insured