What basic factors the underwriter takes into account when accepting Hull and Machinery Risks?

In marine insurance, what factors do the underwriters take into account when accepting hull and machinery risks a vessel is exposed to?
This video answers all the above questions and more for the benefit of mariners preparing for examinations (orals and written).
Mariners will also benefit by watching the following videos:
Principles of marine insurance:
Insurance broker and agent:
Salvage at sea:
Salvage and Towage:
SCOPIC clause:
Letter of protest and sea protest:
Free pratique:
Time and demise charter:
Voyage, time, demise and bareboat charter:
Franchise in marine insurance:
General average and particular average:
Notice of claim, tender clause and deductible:
Subrogation and notice of abandonment:
Total loss of vessels:
Running down and sister ship clause:
Safe berth and safe port:
Indemnity Clause:
Exception Clause:
Full reach and withdrawal and cesser clause:
Offhire clause and performance clause:
Port of refuge:
Deviation from voyage:
Voyage charter:
Time charter:
Note of protest:
Treaty and convention:
Meaning of protocol:
International Law Terms:
Inspection and survey:
Classification survey:
Vetting inspections:
P&I Club:
Master’s obligations with P&I Claims:
How is a convention adopted by IMO?
How does an IMO convention enter into force?
How does IMO implement legislation?
How is a convention amended at IMO?
What is the International Chamber of Shipping?
What is the International Shipping Federation?

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