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Best Quotes For Marine Insurance Cover For Your Business

Marine Cargo Insurance Cover

Quotation for Marine cargo insurance cover for business. Get Marine open cover and single voyage options

Marine Hull Insurance

Get insurance marine hull insurance in UAE for Ships, yachts, pleasure crafts and cargo vessels

Hauliers Liability Insurance

Hauliers Liability Insurance to cover the liabilities arises out of mishaps while transporting for your clients.

Marine Insurance Cover is important for your business.

Compare marine insurance policies from leading companies in UAE . Get best quotes for marine insurance policy across the UAE . We will help you to get marine insurance cover if you are located in Dubai, Abudhabi, Fujairah ,Sharjah, Ajman, Umm Al Quwain or Rasalkhaimah.

What is Marine Insurance?

Marine Insurance is a kind of insurance policy that protects losses on cargo, damage occurred to vessels such as cargo vessels and passenger vessels or ships and shipping terminals. Marine insurance also covers any type of transportation which involves the movement of goods between one point to another. It covers transportation from points of origin to destination based on the type of coverage in the policy.

What is Marine Cargo Insurance?

Marine cargo insurance is a specific type of marine insurance insurance policy that covers damages and losses to marine cargo during its transit between an origin and destination. Any loss or damage occurred during the voyage, loss occurred due to delay in voyage, damage due to the accident to the vessel or ship or due to unloading is covered under marine cargo insurance.

What are the different types of Marine Insurance Polices?

There are different types of marine insurance policies available .Below are the major 4 types of marine insurance policies.

Marine Cargo Insurance

As discussed earlier marine insurance covers the damage or losses to the cargo during the transit.

Marine Hull Insurance

Marine hull insurance is a type of marine insurance policy that covers the vessels. Hull insurance provides coverage for the passenger ship, cargo vessel, yacht, boat etc. Generally, the word hull indicates the body of the vessel.

Freight Insurance

Freight insurance protects the shipping companies to cover the freight cost in case of a loss or damage to the cargo.

Liability Insurance

Marine liability insurance covers financial liability to the vessel owner occurs due to the vessel collision, crash or any kind of attack during the transportation.

What is covered in a marine insurance policy?

For marine insurance generally 3 different levels of coverages are available.

Basic

Generally marine insurance basic cover provides the coverage for fire, discharge of cargo in case of distress collision etc.

Intermediate

It covers the shipment against earthquake, volcanic eruption, and loss occurred due to rainwater, seawater, river water etc.

Comprehensive

Comprehensive marine insurance cover may provide loss due to denting, theft, breakage, water damage etc.

Marine Insurance Policies in Terms of Application Types

workmen compensation dubai

What is not covered in a marine insurance policy?

Generally below things are excluded in marine insurance policies. However, for the complete list of exclusions it is important to refer policy wordings.

  • - Issues due to delivery of the goods
  • - Poor quality of goods
  • - Intentional loss
  • - Repairing
  • - Renovation
  • - Insolvency due to personal reasons

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