The cover is designed to absorb all General Average (GA) interests up to the policy limit, in excess of the absorption clause under the Hull & Machinery policy.
The product is particularly suited to vessel types and trades where cargo is being carried on behalf of several owners. Container and Ro-Ro vessels are especially exposed. It may also provide a commercial advantage with sensitive or important business partners, by shielding them from the hassles of GA.
Tailor-made Extended GA Absorption insurance is based on the underlying H&M conditions and fleet profile, provided by one of the largest pure marine insurers in the world.
When placing insurance with Norwegian Hull Club as Leader, an Assured has access to claims handling experience, service levels and competence of the highest quality. We handle claims and critical situations in the most professional way. We prioritize and make claims settlements much quicker than the industry average, through practical, solution driven claims handling and involvement from notification to final payment. We encourage teamwork together with the Assured and the broker.
Our world-leading contingency support and operational intelligence services are developed from handling 2.000 claims every year. We organize a wide variety of loss prevention activities for both ship and shore based staff, sharing experience from actual incidents, aimed at improving industry best practice.