Marine Hull Insurance in Spain

What is marine hull insurance?

Marine hull insurance (Generali Cascos) covers the vessel itself — its hull, machinery, rigging, gear and equipment — against the perils of the sea (fortuna de mar). It is the cover used for commercial and larger vessels — fishing boats, charter and trading craft — rather than small pleasure boats, and it is governed by the Maritime Navigation Act and the Commercial Code.

For a recreational boat, the right product is instead our marine (pleasure-craft) insurance; marine hull is for working and higher-value vessels insured at an agreed value.

What it covers

• Total loss, general average and salvage from shipwreck, collision, grounding or stranding, fire, storm, jettison, forced port calls, boiler or engine explosion, and breakdown of the machinery or steering.
• Particular average — partial loss or damage to the hull, machinery, rigging and gear.
• Collision liability to other vessels (running-down) — the insurer pays 75% of the indemnity where the insured vessel is at fault.

Repairs are settled with new-for-old deductions by the vessel's age, and a claim over 75% of the insured value may be treated as a constructive total loss. Defined navigation (trading) limits apply.

Who needs it

Owners and operators of commercial or higher-value vessels — fishing fleets, charter operators, work boats and traders — who need to protect the vessel itself, not just their liability to others. It pairs with the compulsory and voluntary third-party cover in our marine insurance, and, for repair businesses, with ship repairers' insurance.

Marine Hull Insurance Spain — FAQs

See also our marine insurance page and the full marine hull policy conditions in English.