Marine Transit Insurance
Marine Transit 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 Cargo policy which provides a “floater” cover for all shipments during the policy period, a Marine Transit policy is a one off policy for a specified transit.
In addition to covering goods whilst in transit, policies often include the following additional benefits:
- 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:
- Description of Goods being moved
- Value of Goods moved.
- Transit origin and destinations.
- Method of transit (Air, Sea, Rail, Road)
- Dates of Transit
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.