Marine Insurance
I’m not in the shipping business. Do I need marine insurance?
Marine insurance isn’t just for ships anymore! If you:
- Send goods to customers in other cities
- Import/export products
- Move inventory between warehouses
- Buy expensive equipment that gets transported
Then YES, you need marine insurance. It covers your goods whether they travel by truck, train, ship, or plane.
What exactly gets covered under marine insurance?
Your goods are protected against:
- Fire and explosions during transport
- Vehicle accidents and overturning
- Theft and hijacking
- Natural disasters (floods, storms)
- Rough handling and loading/unloading damage
- Ship sinking or collision (for exports)
What are the different types of marine insurance policies?
What are the different types of marine insurance policies?
Single Transit Policy
Covers one specific shipment from origin to destination. Ideal if you ship occasionally.
Open Policy
Covers all shipments within a specific period (usually 1 year). Best for regular shippers with multiple consignments.
How do I claim if my goods get damaged in transit?
Quick action is key:
01
Inform immediately
Call us as soon as you notice the damage
02
Preserve evidence
Don’t throw away damaged goods, and take clear photos
03
Get delivery receipts
Make sure the transport company notes the damage
04
Submit documents
Don’t worry, we’ll guide you through the paperwork
05
Surveyor inspection
An insurance-appointed expert will assess the loss