Loss of Hire insurance protects the shipowner from a daily loss of income arising from physical damage to the vessel.

What is covered

The loss can be the result of damage to the vessel, recoverable from the underlying hull and machinery cover. Daily losses from total or constructive total loss are excluded.

Why is it Important?

Affinity applications in insurance not only enhance customer service but also offer several advantages to companies:

  • Customer Loyalty: Affinity programs can increase customer loyalty by better addressing the needs of the target audience.
  • Specialized Insurance Products: Affinity applications provide a better customer experience by offering specially designed insurance products.
  • Collaboration Opportunities: Companies can expand their markets by collaborating with other institutions.
  • Digital Transformation: Technology and data analytics can make affinity applications more effective.

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.

Speak to a specialist in 

Loss of Hire Insurance

View team

Speak to a specialist in 

Loss of Hire Insurance

View team

Related solutions

View all
View all

Related solutions

View all

Get in touch

Speak to a member of your team.

Hand with pointed finger taping on ipad screen