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Back to FAQs

What type of damage are my business vessels covered for?

With our Commercial Marine Insurance, your vessels are covered for losses such as accidental grounding, fire, theft and sinking. Though, there are standard deductibles for damages caused by weather, sinking, and going aground - and these are higher during ‘named storms’.

As well, the coverage includes inspecting the bottom of the vessel after stranding and salvages costs after sinking.

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