Financial Covers

Mortgagees Interest Insurance (MII)

The Mortgagees Interest Insurance (MII) covers the bank/lenders interest in the mortgaged vessel. The cover is secondary to the vessel's actual primary insurance, such as Hull & Machinery, Hull Interest, War and P&I insurance.

 

Mortgagees Interest Insurance, Additional Perils (Pollution) (MAP)

The Mortgagees Interest Insurance Additional Perils (Pollution) covers the bank/lenders interest in the mortgaged vessel, should the vessel pollute oil and be exposed to Legal Liabilities for amounts in excess of the limits of liability under the Owners´ P&I Policies and Club Entries.