Marine Hull & Machinery Insurance

Marine Hull & Machinery Insurance covers all ocean going vessels including fishing trawlers and speed boats.

This policy covers all risks of physical loss or damage to the vessel while                                                  
• sailing or navigating with or without Pilots
• while on trial trips
• while towing and/or assisting any other vessels or craft in distress (provided not under a pre-arranged contract) or customary towage of the insured vessel in connection with loading and discharging operations.

The classes available are as follows:

  • Institute Fishing Vessel Clauses
  • Institute Yacht Clauses
  • Institute Time Clauses – Hulls
  • Institute Voyage Clauses – Hulls
  • Institute Time clauses Hull – Port Risks
  • Private Pleasure craft/speed boat policy

Who purchases this cover?

Corporate and Marine Business Owners.

Speak to an AIICO Staff or Agent today. You may also reach us via our website; Contact us on

About Us

AIICO Insurance Plc., is the leading life insurer in Nigeria.

Founded in 1963, AIICO provides life and health insurance, general insurance, investment management and pension management services as a means to create and protect wealth for individuals, families and corporate customers.