Marine Cargo Insurance offers financial protection against loss or damage to cargo transported from one situation to another. The transportation can be by sea, air or on land.
All Risks cover under Marine Cargo insurance provides comprehensive protection, subject to certain standard exclusions such as inadequate or unsuitable packing of the goods, and delays in transit.
Cargo Policies can be extended to cover the perils of War, Strike, Riot and Civil Commotion.
The Cargo policies can be availed for a single one-time transit or on an annual basis for periodical transits.
The terms of the contract of sale guides who should take this policy.
