Hull - Mortgagees Interest

Our coverage indemnifies the mortgagee (relating to a hull and machinery policy) for outstanding monies due to them in the event of non payment of a claim following a breach of warranty by the operators of the vessel.

What we offer

We will pay these losses

Outstanding money (loans and interest) due to mortgagees as outlined above. All subject to the terms and conditions of the actual policy.

Limits available

Up to US $75,000,000

Who we can help

Financial institutions involved in the maritime industry

WHERE IS THIS OFFERED?

Worldwide

The Beazley Difference

Expert underwriters with technical backgrounds and hands-on experience in the field
Deep understanding of environmental exposures
A global underwriting team that works collaboratively with brokers an insureds
A focus on complex and hard to place risks
Consistent appetite which is broader than most other insurers
Bespoke policy wordings for the client’s industry and environmental needs
Dedicated claims managers to work with clients throughout the entire claims process