Marine insurance is crucial for businesses involved in the trade. A marine insurance policy provides financial protection against the physical loss or damage to the insured cargo, ship or vessel while transporting the property. Marine insurance provides coverage against various marine losses. Though you can get comprehensive financial protection against various marine risks, it is […]
What are the 3 types of implied warranties in marine insurance?
Marine insurance is a form of insurance that has been in existence since the ancient times of trade. The marine insurance policy provides coverage against various named and unnamed perils that cause loss or damage to the cargo, ship, or vessel during the transport of the property insured. Warranty is one of the important features […]
What are innominate terms or express warranty in marine insurance?
Marine insurance is a contract between the insurance company and the insured. In a marine insurance contract, the insurance company agrees to compensate the insured. They do so based on the agreement made between them for the damage or loss to the subject matter insured during the shipment. The scope of cover in the marine […]
What are the Salient Features of Cash in Transit Insurance Policy?
Cash in-Transit Insurance There is always a risk of damage or loss to any type of property in transit. The causes can be numerous such as vandalism, theft, natural disasters, and many man-made calamities. Businesses engaged in cross-border international trade obtain a marine insurance policy. This policy safeguards their shipments and properties from losses or […]
Cost advantage analysis of three main categories of Institute Cargo Clauses (ICC): A, B, and C
Marine insurance plays a vital role in international and domestic trade. A customised marine insurance policy provides complete protection against all the named and unnamed perils related to the shipping business. Marine insurance provides financial protection against the loss or damage caused to the ship, cargo, and terminal by which property is acquired, held, and […]
What is a special cargo insurance policy in Marine insurance?
An adage, ‘’Prevention is better than cure,’’ holds good for businesses involved in shipping. Cargo shipping poses risks like theft, damage, and human error, necessitating coverage for natural disasters and mechanical failures. With advanced technologies and new developments in international trade, the risk to cargo shipping has increased. The shipping industry is growing with the […]
How to ensure umbrella coverage in online marine Insurance?
The history of marine insurance dates back to ancient trading days. Being the oldest insurance, the marine insurance policy provides protection to businesses in the trading and shipping industry against various named and unnamed marine risks. Unique and broad risks threaten these businesses, with unforeseen events having potentially devastating financial consequences. Hence, it is important […]
Video- How to file a claim under a Specific Transit Insurance Policy?
How to file a claim under a Specific Transit Insurance Policy? Learn the detailed process of filing an insurance claim for transit insurance with our step-by-step guide. Contact us at +91 96966 83999 or email support@securenow.in for any inquiries. Count on SecureNow’s comprehensive transit insurance solutions to protect your assets and ensure peace of mind […]
Video- How to buy a Specific Transit Insurance Policy Online?
Buying Specific Transit Insurance Online Discover the hassle-free process of purchasing specific transit insurance online through our informative blog. In this blog you will discover the hassle-free process of claim filing while also learning how to buy a specific transit insurance policy online, ensuring convenience and peace of mind. Secure your goods in transit insurance […]
Video- Which is the right insurance company to buy a Specific Transit insurance Policy?
Which is the right insurance company to buy a Specific Transit Insurance Policy? Looking for the ideal insurance company to purchase your specific transit insurance policy? Our informative blog dives deep into the factors that determine the right insurance company to buy a specific transit insurance policy. These factors make an insurance company the right […]