Marine Insurance policy

Marine Insurance policy

Marine Insurance  is a type of  insurance policy that provides  coverage against any damage/loss caused to cargo vessels, ships, terminals, etc. in which the goods are transported from one point of origin to another.

the  different types of marine insurance can be elaborated as follows: Hull  Insurance: Hull  insurance mainly caters to the torso and hull of the vessel along with all the articles and pieces of furniture on the ship. Indemnity: Risks which are related to the hiring of the ship. E.g. Cargo-related claims.

Marine Insurance doesn't offer any  coverage in the following cases: Loss or damage due to willful act of negligence and misconduct. Loss or damage due to wire, strike, riot, and civil commotion. Loss or damage arising from the use of nuclear fission, weapon, or any other radioactive force.

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