Marine Hull Insurance protects the physical structure, equipment, and machinery of a vessel against various risks like damage, loss, or liability. It covers the cost of repairs or replacement in case of accidents at sea or in navigable waterways. It may include coverage for collision liability, which addresses legal responsibility if the insured vessel damages another vessel or its cargo.

Marine cargo insurance is a type of property insurance that protects goods in transit against loss or damage during shipping by sea, air, or inland waterways. It covers risks like natural disasters, theft, and damage to the cargo caused by perils of the sea. Marine cargo insurance protects businesses and individuals who ship goods of the financial consequences of loss or damage to cargo during transit. It provides peace of mind knowing that their goods in transit are covered.