Hull & Machinery Insurance Calculator
Estimate annual H&M insurance from vessel value at the calculator’s 1% setting. Review hull cover, examples, required vessel details and optional war risk.
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Marine Insurance Calculator & Online Estimate
MarineEnergyCover’s marine insurance calculator provides an instant indicative premium estimate from your insured value and selected cover. Calculate without registering, compare the breakdown and continue to your online application. An estimate is not active insurance.
How is marine insurance calculated?
For percentage-priced products, insured value × rate ÷ 100 gives the base premium. The calculator then displays eligible fleet discounts and any separately selected Hormuz war-risk component. USD, EUR, GBP and CHF are supported; choosing a currency does not convert a value entered in another currency.
The figures are the website’s indicative calculation settings, not a market-average rate or a guarantee that an insurer will accept the risk. A live estimate does not include a promise of binding speed.
Transparent vessel and cargo examples
A USD 10,000,000 vessel at the calculator’s 1% H&M annual setting produces a USD 100,000 annual estimate. A USD 1,000,000 standard cargo shipment at 0.30% produces USD 3,000 for the selected coverage period. A USD 10,000,000 vessel at the 5% Hormuz setting produces USD 500,000 for its selected period.
When annual H&M and a single-transit Hormuz estimate are combined, USD 600,000 is the total for those two selected periods. It is not automatically a USD 600,000 annual combined policy.
Which details do I need?
Start with the correct product, insured value, currency and coverage period. Add the vessel type and intended trading area or cargo route. General war risk requires the rate supplied for the enquiry; loss of hire needs daily hire, insured days, a waiting period and an underwriter rate.
P&I, charterers’ liability and pollution liability require individual underwriting. The calculator collects relevant facts without inventing a percentage for these covers.
From indicative estimate to an insurance application
Save the estimate for your own records or select Continue to Application. Complete your company, vessel or cargo details and required documents. Eligible applications up to USD 5 billion can receive a calculated quote in the dashboard for acceptance and payment; higher values and individually priced risks go for specialist review.
Payment verification remains separate from insurer authorization. Policy issuance requires the actual insurer approval and binding conditions. The calculator does not validate sanctions, vessel eligibility, insured value, policy exclusions or availability.
Common questions
Can I calculate ship or vessel insurance without an account?
Yes. The public calculator displays an indicative estimate immediately. Registration and email verification are part of submitting and managing your application.
Is an instant estimate the same as a binding marine insurance quote?
No. An estimate is a calculation from the selected inputs. The insurer, agreed terms, acceptance conditions and authorized binding determine actual insurance.
Does the displayed premium include every possible charge?
The calculator itemizes the amounts it calculates. Any applicable taxes, fees, minimum premium or additional requirements must be checked against the formal terms; do not assume they are included if they are not shown.
How quickly will my vessel be insured?
The calculation is instant, but cover starts only at the agreed effective time after the required authorization and binding checks. No fixed underwriting or binding turnaround is promised here.
Estimation indicative de prime uniquement. La prime finale et la couverture sont soumises à l’approbation de la souscription, aux spécifications du navire, à l’itinéraire, à l’historique des sinistres, aux limites de police, franchises, disponibilité des capacités et conditions finales de la police.
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Vessel, cargo and war-risk estimates
Marine Cargo Insurance Calculator
Calculate a standard cargo premium estimate at 0.30% of cargo value. Understand valuation, transit periods, exclusions and the information needed to apply.
Calculate premiumWar Risk Insurance Calculator
Calculate marine war-risk premium using vessel value and your entered risk rate. Record the coverage period, route and assumptions for an underwriting enquiry.
Calculate premiumStrait of Hormuz Insurance Calculator
Estimate Hormuz war-risk premium at 5% of vessel value for the selected coverage period. Review transit information, separate H&M and application requirements.
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