Marine Hull & P&I Renewal, Premium Quote, Deductible & Coverage Comparison Tool

Marine Insurance · Renewal Tender · Hull & Machinery · P&I · Retained Risk

Marine Hull & P&I Renewal, Premium Quote, Deductible & Coverage Comparison Tool

Normalize competing H&M and P&I renewal offers, price deductible retention against entered claim scenarios, expose unresolved coverage conditions and compare the premium saved with risk retained.

Renewal quote wallPremium vs retained-risk frontierCoverage comparison matrixDeductible stressFleet insured valuesPolicy review holds

Fast renewal trade-off · 12 inputsCompare an expiring / incumbent option with a challenger at the same modeled claim frequency and representative loss size. This is a financial screen only; coverage wording has not been reviewed.

Full fleet renewal and casualty workbenchAdjust loss-shock assumptions here and maintain the four editable quote, fleet, casualty and coverage / contract registers below. Each claim scenario is a user-entered frequency assumption, not a predicted incident rate.

Insurance contract boundary: Premiums, estimated total calls, supplementary calls, deductibles, limits, exclusions, insured vessel values, claims handling and P&I rules must be verified from the signed quotation, rules and policy wording. P&I scenario payout caps entered here are user-supplied modeling ceilings, not statements of an International Group club's legal cover limits. The tool cannot determine insurability, actual claim recovery, club calls or binding coverage.

H&M and P&I Renewal Quote Register

One row represents a combined renewal package. Quoted premium components and an estimated supplementary-call reserve are separately visible. H&M / P&I caps are hypothetical maximum modeled payments per scenario, not automatic policy cover. Taxes apply to the premium subtotal; verify actual taxability and discounts. Only add IG/GXL, war, FD&D and fees if they are not already included in H&M or P&I quoted amounts.

Use	Quote / Club / Insurer	H&M $	P&I ETC $	IG / GXL $	War $	FD&D $	Fees $	Credit $	Taxes %	Call reserve % P&I	H&M deduct. $	P&I deduct. $	H&M payout cap $	P&I scenario cap $	Quote status	Valid days	Remove

Vessel Schedule and Insured Values

Amounts are entered agreed values for each vessel. Scenario-specific H&M recoveries cannot exceed the linked vessel's entered value. Do not use market value as a substitute for an agreed insured value without verifying the policy.

Use	Vessel / schedule item	Type	Agreed hull value $	Age	Material records reviewed?	Remove

Annualized Casualty and Claims Scenarios

Event frequency is an annualized expected event count supplied by the user. If a scenario has frequency 0.2, it contributes 20% of its modeled single-loss retention to an annual illustrative cost. Scenarios are illustrative, not forecasts or probabilities of award. H&M vessel selection is optional; Fleet / unassigned uses the quote's user-entered H&M cap.

Use	Scenario name	Coverage key	Class	Gross event loss $	Events / year	Vessel # (0 = fleet)	Material?	Remove

Coverage, Exclusions and Binding-Readiness Review

Select the quote row number and scenario coverage key. Unknown coverage is provisionally modeled as covered for the base cost but treated as fully owner-retained in the downside case. Missing reviews also create holds. A critical exclusion prevents a quote being marked award-ready. Conditions with key general are review holds only. Evidence references stay in local exports, not hidden Tool Data.

Use	Quote row #	Coverage / condition	Coverage key	Current status	Material?	Evidence / wording reference	Remove

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