WHAT WE OFFER

Hull and machinery insurance is a type of marine insurance, which protects the insured vessel or fleet against physical damage caused by a peril of the sea or other covered perils while the vessel is in transit over water. The policy plays an important role by helping vessel owners to secure their vehicles against machinery damage and destruction of hull, fittings, liabilities, etc.

DETAILS

Hull and machinery insurance policies can be written to cover a single vessel or the whole fleet of a ship owner.

Our policy has a provison for collision liability which protects the owner of the vessel against legal liability which may arise out of the owner’s vessel colliding with another ship and damaging its property or cargo.

The policy can also be extended to cover legal liability arising out of bodily injury or death, or property damage to fixed installations. If you wish to get insurance against this kind of liability, you will need to purchase a protection and indemnity coverage.

BENEFITS

You get cover for collisions as well as extending the policy to cover collisions with other objects (This is what we call the fixed and floating objects cover).
It is also possible to purchase top up insurances to ensure that if the ship is completely lost, that the indemnity is adequate to actually replace the vessel. This type of insurance is known as Increased Value and is generally capped at 25% of the agreed value on the main policy to prevent over-insurance.

Get Started

Join a million other Nigerians to enjoy the Leadway kind of Happiness.

GET QUOTE

Download Our Mobile App

WE PICKED THESE FOR YOU

CLAIMS PROCESS

Registration: Notify us of the claim via or click register your claim online here*

Documentation: Upload all necessary documents depending on the kind of claim it is.

Processing: Claim is received and processed.

Settlement: Claim is settled on confirmation.

GET CLAIM

WHY LEADWAY?

Capacity to pay claims: In the past five years we have paid over N92 billion in claims. Solid financial reputation: With an asset base of over N270 billion, we remain Nigeria’s strongest insurer. Easy Claims Settlement: We tell no stories when you make claims, we pay imediately your claim is verified. Customer Care: Our customer service representatives are always available to attend to your inquiries.