Marine Cargo Insurance
"Marine Cargo Insurance:
Safeguarding Your Shipments Across Oceans."
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For Marine Cargo Insurance
- Sample Headings
About MCI- Marine Cargo Insurance.
- What is MCI? (Click on Every points should be get breif explanation as below mentioned Contents)
- Basic Coverages.
- Add On Coverages.
- Claim Process Support.
- Free Consultation for the CGL Product.
What is MCI?
Marine cargo insurance is a class of property insurance that insures property while in transit against perils consequent or incidental to the navigation of the sea or air or rail/road/inland waterways.
Basic Coverages
- Fire or explosion
- Vessel getting sunk
- Derailment or overturning of vehicle
- Collision of goods carrying vessel
- Cargo loss
- Earthquake or lightning
- Jettison
- Washing overboard
- Piracy
- Deliberate damages
- Natural perils
Add-on Coverages
- War Risk Coverage: Protects against losses due to war, strikes, riots, and civil commotions.
- Strikes, Riots, and Civil Commotions (SRCC) Coverage: Covers losses or damages resulting from strikes, riots, and civil commotions, which are typically excluded from standard policies.
- Terrorism Coverage: Provides protection against losses caused by acts of terrorism.
- Contingency Insurance: Covers situations where the buyer or consignee’s insurance fails to respond or is inadequate.
- Refrigeration Breakdown: Protects perishable goods from losses due to the breakdown of refrigeration equipment.
- Extended Warehouse Coverage: Extends coverage to goods stored in a warehouse before or after the main transit period.
- Exhibition Coverage: Insures goods while they are in transit to, from, and during exhibitions or trade shows.
- Concealed Damage Coverage: Covers damage that is not apparent at the time of delivery but discovered later.