Marine cargo insurance

Overview:

With marine cargo insurance, you can stay focused on growing your business, knowing that your shipments are covered for the journey ahead. This insurance offers optimum protection for goods in transit and safeguards your valuable cargo every step of the way.

What are the different types of policies?

1. Specific Policy

2. Marine Open Policy

4. Sales Turnover Policy

 What are the additional covers?

1. Loading & Unloading risks

2. Container Demurrage Clause

3. Airfreight Replacement Clause

4. Brand Clause

5. Import Duty Clause

For the complete list of coverages, please refer to our policy wordings.

Exclusions:

1. Wilful misconduct of the assured

2. Ordinary leakage, loss in weight or volume, ordinary wear and tear

3. War and allied perils

4. Insufficient packing

5. Nuclear or radioactive weapons

For the complete list of exclusions, please refer to our policy wordings.

Important factors to consider while purchasing Marine cargo Insurance:

-          Nature of goods as some items may require special terms or packaging requirements.

-          Varying risks based on the route and mode of transport, whether by sea, air, rail or road.

-          Coverage spanning the entire duration of transit, including storage where necessary.