Mortgagees' Interest

Our coverage indemnitifies 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.

We provide coverage to indemnify 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 said vessel.

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 $37,500,000

Target market

Financial institutions involved in the maritime industry

Key territories

Worldwide

To obtain a quotation or for further information please speak with your local underwriter.