Why you need to have insurance for the ship is very helpfull?

Why you need to have insurance for the ship,The actual number of suggested piracy attacks worldwide in 1999 was essentially up 40%...

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Why you need to have insurance for the ship is very helpfull?
Why you need to have insurance for the ship is very helpfull?

Why you need to have insurance for the ship,The actual number of suggested piracy attacks worldwide in 1999 was essentially up 40% in just one year. What’s more, those numbers nearly tripled between 1991 and 1998, according to the ICC’s Foreign Maritime Bureau in London (IMB).

In 2000 a recorded conversation by the Perpetually Marine Bureau in London, also confirmed that the annual losses due to piracy amounted to more than 200$ million financially. Even more worrying is the growing use of weapons by advanced pirates such as guns and knives. The world over a large number of deaths, as well as serious injuries, are associated with piracy every year.

Take care pirates may not have wooden legs and blindfolds. They may also not wave the Jolly Roger over the top of their sails. Instead these criminals often navigate ships that don’t appear out of the ordinary. They would usually board a delivery ship before the captain realized they were thieves. Contemporary pirates can do one of three things: rob the crew/passengers on board; rob cargo ships and their Shippers; or hijack an entire ship.

Travelers venturing into international waters face a more desirable danger from experiencing piracy, Robbery, and even attacks from today’s “pirates”. Having the best insurance policy for you and your boat is a must. The policy should cover all goods, cash, shipping, and of course the ship itself. Protecting the optimal level of insurance will help ensure that, should you fall victim to such a crime, most of the costs and benefits you experience are recoverable.

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