Marine Transit Insurance
Marine Insurance covers the loss of or damage to ships, cargo, terminals, and any transport or cargo by which property is transferred, acquired, or held between the points of origin and final destination.
Marine insurance is essential for anyone transporting possessions by boat or other watercraft. Due to the nature of basic boat insurance, only a small percentage of cargo is covered in the event of an accident or damage.
Marine insurance provides piece of mind to the carrier that they will not be liable for any accidents in transit. It can be tailored to create policies that give you the tightest shipping and transport protection for the best value.
Annual Marine Cargo
Goods in Transit
Carriers Cargo Liability
Carriers Goods in Transit
Marine insurance typically covers the accidental damage or theft of goods transported by sea. Coverage also extends to warehouses where cargo is kept in the interim period, loading and unloading of cargo and can also include door-to-door depending on the provider.
Coverage basically includes damage to property caused by fire, theft, sinking, capsizing and grounding or any event that causes non-delivery of cargo. Damage caused in other circumstances may need extra coverage.