Marine Insurance

Marine Insurance security for your goods while they are in transit. This policy secures business goods & personal belongings that are being transported within the country.

Marine insurance

It covers your belongings against damage or loss happening anywhere from the source to destination.

However, sea routes in the old days were plagued by plenty of risks like bad weather, attacks by sea pirates, collision, etc. All these perils have given rise to the need for marine insurance which is believed to the very first form of developed insurance.Marine insurance helps protect not only the ship but also the cargo contained and being transported by the ship.

There are 3 types of marine insurance:

  • Cargo insurance
  • Freight insurance
  • Hull insurance

Marine insurance is a compulsory requirement for all ship / yacht owners, who are using their vessel for commercial or transportation purposes.