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The Best Insurance For You

Marine Specific Transit Policy

Marine Open Policy / STO (Sales Turnover) Policy

What is Marine Insurance?

Marine insurance protects your cargo – from raw materials to finished products – during transport by sea, air, or land. It provides financial security in case your goods are damaged, lost, or stolen during their journey.

What's covered?
  • Damage caused by accidents, collisions, or weather events.
    Loss due to theft or piracy.
    Even vessel capsizing or sinking (Depending on the policy)

Why do you need Marine Insurance ?

  • Protect Your Bottom Line :
    Safeguard your valuable cargo against unexpected events during transport, from fires and collisions to theft and piracy.
    Facilitate Trade :
    Demonstrate your reliability and unlock business opportunities by having the right insurance for your cargo.
    Peace of Mind :
    Focus on running your business with the confidence of knowing your precious cargo is protected throughout its journey.
  • Protect Your Bottom Line:

    Safeguard your valuable cargo against unexpected events during transport, from fires and collisions to theft and piracy.

  • Facilitate Trade:

    Demonstrate your reliability and unlock business opportunities by having the right insurance for your cargo.

  • Peace of Mind:

    Focus on running your business with the confidence of knowing your precious cargo is protected throughout its journey.

Inclusion

Natural Disasters :
Fire, lightning, explosion, earthquake, volcanic eruption
Transportation Accidents:
Collision of vehicles, derailment/overturning of vehicles
Loading/Unloading Mishaps:
Loss/damage during loading, unloading, or handling
Weather Damage:
Loss caused by seawater or freshwater entering the cargo

Exclusion

Theft & Malicious Acts:
Theft, hijacking, or malicious damage
Shortage/Non-Delivery:
Loss of entire shipment or parts of it
War & Strikes: Losses caused by war, political unrest, or strikes
Intentional Acts:
Losses arising from deliberate actions by the insured

FAQ's

Marine insurance protects your cargo (goods) during transport by sea, air, or land. It covers damage from accidents, collisions, weather events, theft, and even vessel sinking (depending on the policy).

Marine insurance protects your business financially if your cargo is lost or damaged during transport. It minimizes downtime, ensures business continuity, and can be essential for trade finance and partnerships.

There are various types depending on your needs, such as cargo insurance (covers the goods themselves), hull insurance (covers the vessel), and war & strike risks insurance (covers losses due to political unrest).

The premium depends on factors like the value of your cargo, the route, and the type of coverage chosen. Get quotes from different insurers to find the best value.

Absolutely! Marine insurance can be tailored to your specific needs. Discuss your cargo type, shipping routes, and desired coverage with your insurance agent or broker to create a personalized plan.

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