Who’s vessel is covered under hull coverage?

Hull coverage refers specifically to insurance that protects the physical structure of a boat or vessel. This type of insurance typically covers damage to the vessel itself from various risks, such as collisions, fire, or sinking.

When talking about "your vessel," it emphasizes that hull coverage is intended for vessels owned by the policyholder. This means that the owner has financial responsibility for the vessel and, consequently, needs protection against potential loss or damage.

While hull coverage can apply to a company's vessel, a chartered vessel, or any vessel under different circumstances, the definition of "your vessel" is straightforward and indicates personal ownership. Other options may imply a broader context, but hull coverage specifically relates to the vessel owned by and insured for the policyholder. This is essential for clarity in insurance policies and helps ensure that individuals understand their coverage limits and responsibilities.