Marine Insurance

Marine Insurance is divided into two parts. Hull Insurance
Marine Cargo Insurance

Hull Insurance:

This policy covers all oceangoing vessels including fishing trawlers and speed boats against loss or damage due to insured perils.

Marine Cargo Insurance:

This policy covers loss or damage to consignment including freight during voyages by sea/air. Cover attaches from the time the goods leave the warehouse at the place of commencement of transit and terminates either on delivery or to final warehouse.

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