Transit insurance is an important coverage as it protects cargo against loss or damage due to various perils during transit. Buying transit insurance online is quick and easy. Online buying process of Specific Marine Policy from SecureNow comprises of 7 Simple step: Go to www.securenow.in Go to Commercial Insurance, then go to Marine Insurance, and […]
Articles Tagged: Marine Insurance
Features of Specific Marine Insurance – Infographic
Marine Transit Insurance Policy offers coverage to the consignment against damages from various perils like fire, theft, explosion, and natural disasters. Specific Marine Insurance infographic (see below), explains the key features. Specific Marine insurance is a type of insurance that covers losses or damage to ships, cargo, terminals, and any transport or storage in connection […]
Why do I need a specific marine policy?
Marine insurance is a comprehensive and extensive domain in insurance with a wide scope of coverage. There are various types of marine insurance and businesses can customise these policies per their needs. The policy can provide open insurance coverage to large exporters whose business involves routine shipping over a specific period. If your business demands […]
What are the important features of Specific Transit insurance?
Marine insurance is an important requirement for the smooth functioning of businesses involved in the shipping of goods. This insurance reassures their customers about having cover against damage or loss due to various marine perils. In this article, we will get to know about the important features of Marine / Transit Insurance. Marine insurance provides […]
What is the right price to pay for a Specific Marine policy?
Marine insurance is an important requirement for businesses when shipping their goods. By having adequate marine insurance cover, businesses can protect themselves from the possible financial losses that may arise due to an unexpected event or marine perils. But what is the right price to pay for a Specific Marine Insurance Policy? While availing marine […]
Who is the right insurer to buy a Marine Insurance Policy from?
Shipping is an important aspect of businesses involved in trade or export. Likewise, transporting goods, domestic or international, involves a wide range of risks and perils. Availing of the right marine insurance policy is an essential requirement for businesses to have financial security against these marine perils. There are various marine insurance companies in India […]
How do I buy a Specific Marine policy?
The shipping and transport business involves a huge amount of risk. Even with all the risk control measures, unexpected events can still take place, thus putting businesses under financial stress. Being exposed to the risk of various man-made and natural disasters, marine insurance has become quite a necessity for businesses involved in the trade. Specific […]
What is Franchise Clause in Insurance. How Does the Clause Work?
The Franchise Clause in Insurance applies the minimum amount of claim acceptable by the insurer. Generally, insurers decide the franchisé limit based on the type of insurance and the feasibility of recovering the loss from the erring party. The franchise clause in marine insurance proves invaluable in various scenarios. It allows for cost-effective claims handling […]
Who can buy Marine Insurance?
Buyers can take this policy, as well as, sellers, import/export merchants, contractors, banks—or anyone engaged in the import and export of goods or transportation of it within the country. However, there are different types of policies, included in this policy like hull insurance which is beneficial for ship owners. Cargo insurance is advantageous to the […]
What is covered under Marine Cargo Insurance?
Types of Coverage Under Marine Cargo Insurance Marine cargo insurance coverage apply to goods in transit, whether by sea, air, or land. The following are the types of coverage typically offered under marine cargo insurance coverage policies: All-risk coverage: It is the most comprehensive insurance, that covers all risks to the cargo during transit. However, […]