Hull & Machinery - Insurance Premium Estimate

Annual H&M insurance premium estimate from hull value, deductible and ship-type risk class - the basic Lloyd's quotation input.

InsuranceH&MPremium

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This calculator requires JavaScript to compute its result. The formula, symbols, and regulatory sources are shown in the Formula section below.

Formula, assumptions, and limits

P = V \cdot r - \text{deductible credit}

Symbol	Meaning	Unit
$V$	Hull value	USD
$r$	Annual rate	%

Source: Lloyd's Market Association

Annual H&M insurance premium estimate from hull value, deductible and ship-type risk class - the basic Lloyd's quotation input.