What type of insurance does Hull Insurance cover?

Hull Insurance is specifically designed to provide coverage for physical damage to vessels such as ships or aircraft. It primarily protects the hull or body of the vehicle from losses caused by various risks while it is in operation or at rest, which includes damages from collisions, weather events, and other perils. This makes it an essential type of insurance for boat owners and aviation companies to safeguard their significant investments in vessels and aircraft.

In contrast, other options discuss different types of coverage not related to hull insurance. Property damage to cars pertains to auto insurance; theft of personal belongings typically falls under renter’s or homeowner’s insurance; and homeowner's insurance claims address a broad spectrum of coverage that protects against losses to an individual's home and possessions but do not specifically refer to hull insurance. Thus, hull insurance is distinct in its focus on the physical structure of ships and planes, making the answer regarding physical damage to planes or ships the correct one.