Marine Insurance

Despite major advancements in other forms of transportation, a surprising 90% of all goods are transported by ship.

The Marine Insurance policy covers the loss or damage to property caused due to:

• Natural disasters like cyclone, earthquake, lightning, etc.
• Man-made disasters like theft, violence, and piracy of ships
• Collision, overturning or derailment of land conveyance
• Sinking or stranding of ships
• Expenses such as survey fees, forwarding costs, and reconditioning costs
• The Marine Insurance Policy covers transits by: Air, Land, Water, Rail Road, Courier, etc.

Marine insurance policies are available in different structures. Based on how frequently you need marine insurance you can select a structure:

• Annual Turn over Policy (ATOP)
• Specific Voyage
• Open Policy
• Annual Policy.