Depending on the market situation the actual value of the ship may exceed the sum insured; as a consequence, there may be a gap when it comes to General Average contributions or there is a financial gap when the owner chooses to acquire a new ship. By taking out disbursements insurance you cover the interests of replacement and other interests, such as appurtenances or lost freight in case of total loss.

Disbursements insurance is an essential part of the overall vessel insurance package.