Ocean Marine Insurance (Hull, Liability, and Cargo)

Ocean Marine Insurance (Hull, Liability, and Cargo)Hull Coverage - Designed to pay physical damage losses caused to the vessel. Such loss or damage may be caused by fire, lightning, windstorm, hail, tornado, collision, sinking, and other perils identified by the policy.Land Transit - Coverage is extended to include physical damage to the vessel during overland transit.Protection & Indemnity Coverage - Indemnifies the Insured (your Agency/University) for any sums which the Insured, as owner/lessee of the vessel, shall have become liable to pay due to losses such as those from loss of life, bodily injury, or illness including hospital, medical and related expenses. This includes collision liability and third party physical damage. Coverage is excluded for divers and divers' assistants, but can be added with an additional premium upon request. This coverage is necessary when a vessel has a dedicated captain or crew. This insurance policy is only for state agencies in accordance with section 287.022, Florida Statutes, and State Universities in accordance with Rule 60A-1.001(2)(h), Florida Administrative Code. Please contact the Contract Manager for any additional information. Current Contract PeriodJuly 2, 2021 through July 2,