Marine Insurance Cover
covers the loss or damage of ships, cargo, terminals
what we cover
This covers the loss or damage of ships, cargo, terminals, and any transport by which the property is transferred, acquired, or held between the points of origin and the final destination.

Benefits of Marine Insurance Plan
- It provides all-round coverage against a wide variety of risks faced while at sea.
- Most marine insurance providers offer claim survey assistance worldwide, along with claim settlement assistance.
- Different marine insurance providers offer a variety of options and plans under marine insurance policies to suit different budgets and requirements.
- Marine insurance covers can often be customized and adjusted to meet specific needs and budgets of the customers.
- Marine insurance policies do provide extensions to provide protection against damages caused due to riots, strikes and other such perils.
- Damage from natural disasters
- Damage from falling objects
Marine Insurance Covers
The following is a list of some of the common instances or losses which marine insurance provides cover against:
Import or export shipments.
Goods which are being transported via sea, rail, air, road or post.
Goods being transported by coastal vessels which ply between different ports inside the country.
Goods which are transported via vessels plying along rivers.

Marine Insurance Policy Exclusions
Some of the common exclusions of most marine insurance policies are listed as below
- Routine wear and tear or ordinary leakage.
- Incorrect and inadequate packaging of goods being transported.
- Incorrect and inadequate packaging of goods being transported.
- Damage caused wilfully or intentionally.
- Damage caused due to civil commotion, strikes, war, riot, etc.
- Any damage or loss occurring due to bankruptcy or financial default of the owner of the transport vessel.
Marine Insurance Claim Process
1
Contact the broker/agent or the nearest branch of your insurance provider and intimate them about the claim.
2
In the event that the damage has occurred to the goods while they are on the ship or port, you must arrange for a port or a joint ship survey.
3
You must submit the policy document / certificate which had previously been issued to you at the time of taking the policy. You also need to provide the original invoice and any other documents which may be required to authenticate your claim.
