War risk insurance generally has two components: war risk liability, which covers people and items inside the craft and is calculated based on the indemnity amount; and war risk hull, which covers the craft itself and is calculated based on the value of the craft. The premium varies based on the expected stability of the countries to which the vessel will travel.
War risk insurance typically involves two aspects: liability protection for individuals and cargo on board, based on the indemnity level; and hull coverage for the ship itself, calculated according to its value. The premium varies in accordance with the anticipated stability of the nations the vessel will travel to.