Own-damage cover
- Collision, grounding, fire and sinking
- Machinery damage often with its own clause
- The trading area appears on the policy
- Agreed value under Article 7:960 of the Dutch Civil Code
Insurance for sea shipping, inland shipping and aviation
Transport by water and by air has its own policies and its own liability rules. Below you can read how hull, liability and cargo cover relate to each other.
- several insurers compared objectively
- 9.5 customer rating for a new policy
- AFM licence 12016589
- Personal 072 - 509 24 56, weekdays 9–17
This page in another language: Nederlands
Work out for yourself what it would cost.
Enter your details; you will receive a proposal within one working day.
- We compare the offerings of several insurers
- An adviser checks whether the cover suits your activities
- We arrange the switch, including cancellation
A premium indication, not personal advice. Prefer to talk it through? Call 072 - 509 24 56.
- Independent advice
- Several insurers
- Switching arranged
- Help with claims
In brief
In this sector the cover runs along three tracks. The hull track insures the means of transport itself: the seagoing vessel, the inland waterway vessel or the aircraft, usually on an agreed value. The liability track covers damage you cause to third parties, from collisions and bank damage to injury and environmental damage. In shipping this traditionally runs through P&I cover. The cargo track, marine cargo insurance, insures the cargo itself and is independent of the question of who is at fault.
That last distinction is the heart of the matter. The carrier's liability is limited by law. Book 8 of the Dutch Civil Code and the carriage conventions — the Hague-Visby Rules for carriage by sea, the CMR convention for carriage by road and the Montreal Convention for carriage by air: set limits that are almost always lower than the actual value of the cargo. A cargo owner who relies on the carrier alone is therefore left with part of the loss. Separate marine cargo insurance, often placed on market conditions, covers the cargo regardless of those limits.
The same track system applies to businesses on shore. Anyone who stores or transships goods needs, alongside business contents and goods insurance, cover for third-party property, because the care, custody and control exclusion on public and employers' liability insurance (AVB) excludes those goods. If you work with a freight forwarder, its conditions determine what you can recover. So always record who bears the risk on which part of the journey, preferably through an Incoterm in the contract.
Insurance that matches your sector
Every sector carries its own risks. We translate those into cover that genuinely fits what you do day to day, rather than a standard package that just happens to apply to your business too.
SectorsPhoto coming soon
TailoredPhoto coming soon
CoverPhoto coming soon
The three tracks
The means of transport, liability and cargo are three separate covers that do not replace one another.
Liability
Covers damage to third parties: other vessels, banks, cargo owners and injury.
- Shipping usually through P&I
- Wreck removal and salvage arranged separately
- Environmental damage with its own limits
- Crew and people on board can be included
Goods
Insures the cargo itself, independently of fault and of the carrier's limits.
- Often placed on market conditions
- Door to door or per consignment
- Storage and transshipment named separately
- War and strikes risk as an extension
What is covered
| Situation | Own-damage cover | Goods cover |
|---|---|---|
| Damage to the vessel or aircraft itself | Yes | No |
| Loss of or damage to the load | No | Yes |
| Liability towards third parties after a collision | Provided that | No |
| Wreck removal and salvage costs | Provided that | No |
| War, strikes and piracy risk | Provided that | Provided that |
| Delay losses and lost turnover | No | No |
The trading area, the type of cargo and the set of conditions chosen determine the actual extent. Those appear on the policy schedule and in the clauses.
What does your premium depend on?
- Type and age of the vessel or aircraft: seagoing vessel, inland waterway vessel or aircraft
- Sailing or flying area: coastal, worldwide, risk zones
- Nature of the load: value, fragility, attractiveness to thieves
- Insured value: agreed value or per consignment
- Claims history and class: certification and state of maintenance
- Excess and extensions: war, strikes, storage and transshipment
Insurers weigh these details differently. That is where your saving is.
How we arrange it
- You request a quoteWe take stock of your situation, risk and wishes.
- We compareseveral insurers, on premium as well as conditions.
- You receive a proposalWith an explanation of the differences and the exclusions.
- We arrange the switchIncluding cancellation, so there is no gap in cover.
Why arrange it through Finass Verzekert?
We look at the terms as well as the premium, and stay your point of contact when there is a claim.
Independent
We are not tied to one insurer and compare on the basis of an objective analysis of several companies.
One fixed adviser
You call or email someone who knows your file. No menu options, no changing call centres.
Switching without hassle
We cancel your old policy and align the start date, so you are never a day without cover.
Help with claims
We report the claim and monitor how it is handled. In urgent cases you can reach us on the emergency line.
9.5New policy
9.8Claims handling
Customers rate our service on four aspects: personal service, service delivery, availability and the outcome. The reviews are collected and published by NH1816 and come from customers who have actually taken out a policy with Finass Advies B.V. or reported a claim.
Two points about transport by water and by air
The carrier's liability is limited; anyone who does not insure the cargo themselves bears the difference.
The carrier's limits
Transport law has liability limits that differ from one convention to another and are calculated per kilogram or per package. The Hague-Visby Rules apply to carriage by sea under a bill of lading, the CMR Convention to international carriage by road and the Montreal Convention to carriage by air; Book 8 of the Dutch Civil Code also governs domestic carriage. For valuable or light cargo — electronics, pharmaceuticals, machine parts — the limit is far below the actual value. On top of that, the carrier can rely on force majeure and on inherent defects in the cargo. Separate marine cargo insurance pays out regardless of that discussion and then pursues the recovery from the carrier itself.
What falls outside the cover
Even on broad market conditions, important causes are excluded. Not covered is damage caused by insufficient or unsuitable packing and stowage, by inherent defect, deterioration and normal loss of weight or volume, and by wear and tear, corrosion and insect damage. For hull cover there is an exclusion for unseaworthiness and poor maintenance and for sailing outside the agreed trading area or outside class. Loss due to delay is excluded almost everywhere, even where the delay arises from a covered cause. War, strikes, riot and piracy are not included as standard and are only covered after an express extension. Intent and recklessness fall outside the cover under Article 7:952 of the Dutch Civil Code, and you report a loss as soon as reasonably possible (Article 7:941 of the Dutch Civil Code).
Frequently asked questions
This is what people ask us most.
Is my cargo covered by the carrier's insurance?
Only to a limited extent. The carrier is liable within the limits of Book 8 of the Dutch Civil Code and the applicable conventions, calculated per kilogram or per package. For valuable or light goods that payment is far below the actual value, and the carrier can also rely on force majeure. Separate marine cargo insurance covers the cargo itself, regardless of fault.
What is the difference between hull cover and P&I?
Hull cover insures the vessel itself: damage to the hull, machinery and equipment. P&I covers the liability connected with operating the vessel: injury to crew and people on board, cargo claims, environmental damage, wreck removal and fines where those can be insured. The two complement each other; neither replaces the cargo owner's marine cargo insurance.
Who bears the risk during transport?
That follows from the contract, usually through an Incoterm. It determines the point at which the risk passes from seller to buyer and who arranges the insurance. If nothing is agreed about it, a dispute arises after a loss about who should have been insured. So record the Incoterm expressly and match the period of cover on your policy to it.
Are war and piracy risks included?
Not as standard. War, strikes, riot, terrorism and piracy are excluded in the basic conditions and are only covered after an express extension, often for a separate premium and with a list of excluded areas. If you sail through or to an area designated as high risk, report that in advance; without notification there may be no cover there at all.
Every situation is different. For these situations we have a separate page.
- Business interruption insurance by sectorThe main page
- Insurance for the fishing industryOwn-damage cover, catch, crew
- Insurance for transport and logisticsCargo, fleet, liability
- Insurance for road transportCMR, fleet, drivers
- The process operator and their insuranceProcess industry, 6:162 BW, care, custody and control
- Insurance for a building contractorAVB, CAR, plant and machinery
- Marine, inland waterway and aviation: sailing area and crewHull, area, crew
- International goods in transitCMR, multimodal, countries
- Insurance for the transport of goodsOwn transport, carriers' liability, door to door
Transport, hull and cargo properly covered?
Ask for advice without obligation. We assess the trading area, the type of cargo and how your policies fit together.
Prefer to call? 072 - 509 24 56, weekdays 09:00–17:00.
Claim on the road? Emergency line 06 - 55 20 40 72.
About our service
Finass Verzekert is a trading name of Finass Advies B.V. We advise on and arrange non-life insurance on the basis of an objective analysis of several insurers, and receive commission for this from the insurer, which is included in the premium. You pay no separate advice fee. Before you take out cover, we establish your wishes and needs.
You will find our licence, KvK and Kifid details and our complaints procedure at the foot of every page.
This page was compiled by Finass Verzekert (LinkedIn). Last updated on .
The information on this page is general in nature and is not personal advice.