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Marine Insurance

Marine Insurance policy covers loss or damage to your goods while being transported by rail, road, and air or by sea. The policy compensates you for losses ...

This policy covers goods, freight and other interests against loss or damage to goods whilst being transported by rail, road, sea and/or air.  Different policies are available depending on the type of coverage required ranging from an ALL RISK cover to a restricted FIRE RISK ONLY cover. 



Cargo insurance: It caters specifically to the cargo of the ship and also pertains to the belongings of a ship’s voyagers.

Hull insurance: mainly caters to the torso and hull of the vessel along with all the articles and pieces of furniture in the ship. This type of marine insurance is mainly taken out by the owner of the ship in order to avoid any loss to the ship in case of any mishaps occurring.

Liability Insurance: It is that type of marine insurance where compensation is sought to be provided to any liability occurring on account of a ship crashing or colliding and on account of any other induced attacks.

Freight Insurance: It offers and provides protection to merchant vessels’ corporations which stand a chance of losing money in the form of freight in case the cargo is lost due to the ship meeting with an accident. This type of marine insurance solves the problem of companies losing money because of a few unprecedented events and accidents occurring.

Further marine insurance can also be classified as:
Voyage Policies
Time Policies
Voyage and Time Policy or mixed Policies
Valued Policies
Unvalued Policies
Floating Policies
Blanket Policies
Named Policies
Single Vessel and Fleet Policies
Block Policies
Currency Policies
P.P.I. Policies
Special Declaration Policy
Annual Policy
Inland Transit Cargo Policy
Inland Vessel Policy
Indian Coast Ports Policy
Free on Board Policy
Sailing Vessels Policy
Package Policy

Mob : +91-9022060498 E-mail : info@legalbabu.com
 
     
 
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