Which type of insurance includes physical damage to the machinery and fittings of a vessel?

Hull insurance is specifically designed to cover physical damage to a vessel's machinery and fittings. This type of insurance typically encompasses the structure and the equipment of the ship, ensuring financial protection against potential losses incurred due to collisions, grounding, or other marine-related incidents.

Cargo insurance, on the other hand, focuses on protecting the goods being transported rather than the vessel itself. Liability insurance would cover claims against the insured for damages to third parties or injuries, which does not include the physical assets of the vessel. Property insurance may offer protection for physical assets but is usually not specialized for maritime vessels, which have distinct risks that hull insurance specifically addresses. Thus, hull insurance is the appropriate choice for covering the physical damage to a vessel’s machinery and fittings.