What is Marine Insurance?
This class of insurance provides compensation to the cargo owner in the event of loss of or damage to the cargo whilst in transit between one country to another either by sea or by air.
- Marine Cargo Clause “A” - This provides all risks coverage including breakages, damages, shortages, and loss of or damage to the subject-matter insured, subject to specified exclusions.
- Marine Cargo Clause “C” - This covers goods to be carried on a total loss basis only.
This cover written under the Institute Cargo Clauses terms (ICC) offers:
- Fill in the cargo declaration form
- Complete import declaration form and invoices
- Get a quotation
- Make premium payments
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- Cargo: This covers goods in transit, either by air or by sea.
- Marine Hull: This covers hull and machinery as a result of loss or damage by fire, sinking, attack, etc.
- Losses or damage caused by inherent vice
- Losses caused by delay
- Mechanical and electrical derangement
- Political and terrorism risk
- Bill of lading
- Certificate of insurance
- Sea waybill
- Air waybill
- CMR consignment note
- Carrier’s response/settlement
- A subrogation form
The following documents are essential to pursue a claim under this policy:
Yes, installments can be made in annual, biannual, or quarterly installments.
A renewal notice will be sent to you before the expiration of the policy.
No, your policy is not transferable.
Yes, you can make a debit standing order to make payments directly into our bank account.