- Breach of warranty
- Unseaworthiness
- Non- payment of premium
- Class and or ISM breach
- Misrepresentation, etc.
In addition to the above, MII policy responds at situations where a claim under a Hull policy not being proven to be caused by a peril of the sea, where vessel sinks and the cause is not proven, disputes between Hull and War underwriters and also time barred claims.
MII-Additional Perils
Responds to situations and liability claims – pollution – for an insured peril, where owners pandi policy limits are not adequate. Particularly important where a shipowner has arranged a 'fixed premium' pandi insurance for limits less than available from a mutual entry in an IGA club.
Affinity applications in insurance not only enhance customer service but also offer several advantages to companies:
In conclusion, affinity applications in insurance are a means of providing better service to customers and attracting new ones for businesses. These programs reflect industry advancements by focusing on specially designed insurance products and customer needs.
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