This insurance covers the vessel and machinery against loss, damage or liability caused by maritime perils below.
- Perils of the seas, rivers, lakes or other navigable waters
- Fire, explosion
- Violent theft from outside of vessel
- Jettison
- Piracy
- Breakdown of or accident to nuclear installations or reactors
- Contact with aircraft or similar objects, or objects falling there from, land conveyance, dock or harbor equipment or installation
- Earthquake volcanic eruption or lightning
- Accidents in loading/ unloading/ shifting cargo
- Bursting of boilers
- Negligence of master officers or crew, repairers
- Barratry of masters officers or crew