What is hbpil insurance?

That's a term from the world of marine insurance. HBPIL stands for Hull, Breach of Warranty, Protection & Indemnity, and Increased Value. It's a comprehensive package lenders require when financing a commercial vessel. The policy covers damage to the ship itself (hull), provides liability coverage (P&I), and most importantly, it protects the lender’s financial interest. It ensures the bank is covered even if the ship owner violates a term of their own insurance policy.