Facilitate fishing boat owners to purchase hull insurance

Faced with the situation that many ship owners have not purchased fishing vessel hull insurance, the People's Committee of Son Tra district has worked with and invited Global Insurance Company (GIC) Quang Nam to advise, support, and create conditions for ship owners to purchase fishing vessel hull insurance with a wider coverage and to delay payment of insurance premiums up to 20 days from the effective date of this insurance contract.

Vice Chairman of Son Tra District People's Committee Huynh Van Hung shared that in recent years, the Government and the city have always had policies to support the development of fisheries, especially supporting fishermen to buy fishing vessel hull insurance with the total support rate of the Government and the city up to 90% of the total insurance amount. Each fishing vessel owner only spends 10% of the total amount to buy fishing vessel hull insurance, but the number of owners buying this insurance is still small. Son Tra District People's Committee has worked with Quang Nam Global Insurance Company, which has fishing vessel hull insurance products, to find support solutions and create favorable conditions for ship owners to buy insurance. District leaders hope that fishing vessel owners in the district will buy hull insurance to feel secure going out to sea and sticking to the sea.

A representative of Global Insurance Company (GIC) Quang Nam said that fishing vessel hull insurance covers damage to the hull, main engine and costs caused by insured risks. The product scope will include cases such as: collision; stranding; fire and explosion; abandonment of property to save people, save ships; disappearance; landslide; storm, tsunami; hail, lightning; accidents during loading, unloading, transporting aquatic and seafood products, anchoring, and repair at the workshop; boiler explosion, broken shaft, hidden defect; negligence of the captain, officer; rescue costs...

With a streamlined process, when purchasing insurance, ship owners only need to provide information for the company to evaluate and quote appropriate insurance premiums. Ship owners who purchase the product will have 20 days to pay the insurance premium from the effective date of the insurance contract. When accidents occur, the insured must notify the insurance company within 24 hours and is responsible for collecting relevant documents... In addition to fishing vessel hull insurance products, the company also has crew accident insurance products and voluntary civil liability insurance products for losses and damages incurred to third parties caused by the insured vessel.

NAM TRAN

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