Marine Cargo Insurance
Marine Cargo insurance provides protection against physical loss or damage to cargo in transit.
Despite the fact that the policies are named “marine” policies, insurers can generally provide cover for both inland and overseas (imports and exports) transit of goods. Thus cover is not always limited from port to port, but also including the transportation from warehouse to port.
Unlike a Marine Transit policy which is for a single transit, a Marine Cargo policy is designed as a “floater” policy which can cover physical loss or damage for all transits during the policy period.
Despite covering goods whilst in transit, policies often include the following additional benefits:
- Specific covers for home and content transits
- Coverage whilst goods are in incidental storage
- Accumulation covers
- Specialist cover for shipment of branded goods
- Cover whilst there are any delays in unpacking
- Cover for Strike Diversion expenses
Obtaining a Quotation
Generally the following information is required to obtain a quotation:
- Business Description
- Estimated value of all shipments imported / exported and inland transits.
- Estimated number of transits for household goods
- Estimated Maximum Accumulation Sum Insured.
- Estimated method of transit % (Air, Sea, Rail, Road)
- Historical Claims Experience
For more information please contact ARMS Risk Management.
All policies are subject to the insurer's policy terms, conditions and exclusions contained in the policy wording and agreed with the insurer. The information provided in our Product pages are a general description of the cover only. For more information about any of the insurances on our website please contact ARMS Risk Management.