Which best describes hull and machinery (H&M) insurance?

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Multiple Choice

Which best describes hull and machinery (H&M) insurance?

Explanation:
Hull and machinery insurance covers the vessel’s own hull and its machinery. It protects the ship as a physical asset, paying for repairs or replacement if the hull or propulsion machinery is damaged by perils like a storm, fire, or collision. It does not cover liabilities to third parties (that’s P&I), cargo in transit (cargo insurance), or crew medical expenses (crew/Employer’s liability).

Hull and machinery insurance covers the vessel’s own hull and its machinery. It protects the ship as a physical asset, paying for repairs or replacement if the hull or propulsion machinery is damaged by perils like a storm, fire, or collision. It does not cover liabilities to third parties (that’s P&I), cargo in transit (cargo insurance), or crew medical expenses (crew/Employer’s liability).

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