Under usual clauses the policy would cover:
- Physical loss of or damage to the vessel
- Demurrage, detention and loss of use of the vessel following physical damage
- Contribution to general average, salvage, salvage charges, and/or sue and labor expenses in respect of owner’s interest as charterer in hire, freight and/or bunkers.
- Physical loss of or damage to the vessel as a consequence of war or strikes activities.
Affinity applications in insurance not only enhance customer service but also offer several advantages to companies:
In conclusion, affinity applications in insurance are a means of providing better service to customers and attracting new ones for businesses. These programs reflect industry advancements by focusing on specially designed insurance products and customer needs.
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