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MARINE INSURANCE

Marine Insurance is a form of general insurance policy covering the loss or damage to ship, cargo, hull or any other equipment and transport between the point of origin and final destination of voyage.

Marine Insurance Overview

Marine Insurance is a specialized form of insurance that covers the loss or damage to ships, cargo, terminals, and any transport or cargo by which property is transferred, acquired, or held between the points of origin and final destination.

This type of insurance protects against the perils of the sea and other risks associated with marine transportation, providing financial security for ship owners, cargo owners, and other stakeholders in the maritime industry.

Risks Covered Under Marine Insurance

Cargo Theft / Pilferage

Protection against theft or pilferage of cargo during transit

Accidental Damage

Coverage for vehicle collision, overturning, and other accidents

Perils of the Sea

Protection against high waves, bad weather, and sea-related hazards

Natural Disasters

Coverage for losses due to earthquakes, storms, and other natural events

Fire

Protection against fire damage to vessels or cargo

Pirate Attack

Coverage for losses due to piracy and hijacking incidents

Types of Marine Insurance

Types of Marine Policy

Information Required for Quotation

  • Name and address of the Proposer and his business
  • Description of goods, number and nature of packages
  • Value of Goods
  • Voyage details (From/To)
  • Mode of Conveyance (Rail/Road/Air)
  • Basis of Valuation
  • Packing of the cargo
  • Claims experience

Claim Process

To register your claim, you shall reach out to Insure Tech's toll-free number 1800 1234 303 or email care@insure.co.in. Our claim processing team will reach out to you and help you register the claim with the appropriate insurance company. We will also guide you through all the steps from registration to settlement.

1

Contact Us

Call our toll-free number or email us with your claim details

2

Document Submission

Submit all required documents for claim processing

3

Assessment

Our team will assess your claim and coordinate with the insurer

4

Settlement

Receive your claim settlement in a timely manner

Documents Required for Marine Insurance Claims

  • Duly filled in Claim form
  • Original Insurance Certificate
  • Copy of Billing lading
  • Surveyor Report or Missing Certificate
  • Original Invoice list with shipping specification
  • Copies of correspondence exchanged
  • Any other document(s) that may be required by the Insurance company

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