Glossary


Terms & Glossaries of Shipping and Trading

Hull and Machinery

Hull and Machinery commonly referred to as "H&M" or simply "Hull" is a type of ocean marine insurance that covers physical damage to a vessel.

What is Hull and Machinery?

Hull and Machinery commonly referred to as "H&M" or simply "Hull" is a type of ocean marine insurance that covers physical damage to a vessel.

Hull and machinery insurance is a type of ocean marine insurance. This coverage protects the insured vessel or fleet against physical damage caused by a peril of the sea or other covered perils while the vessel is in transit over water.