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Insurance for Disbursements and Increased Value (IV)
Marine Hull insurance is an indispensable component of the Comprehensive insurance cover required by companies in the modern shipping industry. However, it is essential that this is supplemented by the addition of a disbursement insurance. Providing additional protection in the event of total loss, disbursement insurance is a professional safeguard that is highly valued by ship owners and shipping companies.
HKVA - Hanseatische Kasko Versicherungsagentur - is an expert in the field of marine disbursement and increased value insurance. This page provides an overview of our services. We are happy to answer your questions about our individual insurance products and look forward to hearing from you.
What is the relevance of disbursement and increased value insurance?
Ocean-going and inland waterway vessels play an important role in modern logistics – and the trend is encouragingly positive. The favourable market situation is one of the factors driving this development. However, the more vessels there are on the seas and rivers, the greater the associated risks. An accident usually causes damage to the ship and its equipment, which is accompanied by costly repairs. In this context, the insured total value of the ship is also an important factor. At HVKA, we are your partner for integrating ancillary interest insurance for shipping into your portfolio.
Who benefits from disbursement and increased value insurance?
Total loss is a major cost factor in the shipping industry and should be professionally insured. After all, it can cause shipping companies to suffer economic disaster. If a ship and its equipment are damaged, rapid assistance from the ship's insurance company is essential. And this assistance is vital for everyone – because the costs of a total loss are not something that can simply be paid for out of the pocket.
The ideal insurer for the highest risks
In order to provide shipping companies and ship owners with comprehensive cover for a wide range of claims, we also offer top-quality disbursement insurance, including increased value insurance, as a complement to marine Hull insurance. As an established underwriting agency, we work with a whole range of reputable insurers – which benefits the brokers who cooperate with us and, of course, the companies in the shipping industry that are in need of insurance. Thanks to our independence and objectivity, as well as our first-class expertise in disbursement insurance, we are able to optimise protection for our clients.
Calculating disbursements and increased value
The concept of disbursement insurance is closely linked to the Hull insurance of the vessel, as the insured amount is based on the insured value under the Hull insurance policy. This creates a reliable basis. However, the insured value under the hull cover does not always cover the entire value of the vessel: in the event of an accident, the value of the vessel may exceed the agreed Hull insurance value, depending on the market situation. In cases of general average, financial gaps often arise when the vessel needs to be replaced. Even in the event of a total loss, our increased value insurance provides support with a predetermined amount. We also competently cover collision excesses and other interests arising from freight charges. In short, the protection of increased value plays a crucial role in the overall insurance package.
Find the right disbursement and IV insurance now
At HKVA - Hanseatische Kasko Versicherungsagentur, disbursement and IV insurance is integrated into a tailor-made package for customised insurance cover. We carefully determine your specific needs and provide you with a personalised insurance solution that is highly effective in practice. This ensures that shipping companies remain financially stable and able to operate even in the event of a claim.
Interested? We offer professional initial consultations on disbursement and IV insurance, which can of course include a non-binding quote.