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 risks. Marine insurance provides coverage for cargo losses, damage to ships, vessels, or any transport in which the goods are being […]

The Marine Insurance policy covers the occurred loss or damage to property caused due to: Natural disasters like cyclone, earthquake, lightning, etc. Man-made disasters like theft, violence, and piracy of ships Collision, overturning or derailment of land conveyance Sinking or stranding of ships Expenses such as survey fees, forwarding costs, and reconditioning costs The Marine […]

Marine Insurance doesn’t offer any coverage in the following cases: Loss or damage due to wilful act of negligence and misconduct Loss or damage due to delay Loss or damage due to improper packing Financial default or insolvency of owners, charterers, managers, or operators of the vessel Loss or damage due to wire, strike, riot, […]

Marine insurance policy offers coverage to the consignment against damages from various perils like fire, theft, explosion, and natural disasters. Below infographic explains the 6 key features of specific marine insurance.

There are many general insurance companies which offer specific transit insurance. These companies charges different premium based on the coverage and benefits opted. Below infographic explains various factors that affects specific transit insurance premium and the right price to buy this 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. While availing marine insurance policy, it is important to have the right sum assured and right type […]

Marine insurance premium cost increases or decreases in accordance with the estimates made by the insurance company. The premium is estimated on the basis of the following parameters: The nature of the goods The value of the goods The inherent risks that your products may possess The route, construction, and type of vessel The destination […]

Marine insurance premium either increases or decreases based on the risk estimates made by the insurance provider. The major parameters which are involved in the determination of marine insurance premium are listed below. a. Natural forces Natural forces or natural calamities like floods, high tides, etc. are permanent and unchanging. However, some are seasonal […]

There are many general insurance companies in India offering specific transit marine policies. These insurance companies offer different benefits and charges different premium rates. Below infographic explains how to select the right insurance company to buy specific transit insurance policy.

Shipping is an important aspect of businesses involved in trade or export. Transporting goods, domestic or international, involves a wide range of risks. Availing 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 offering customized marine insurance […]

Marine insurance is an important coverage as it protects cargo against loss or damage due to various perils during transit. Buying marine insurance online is quick and easy. Below infographic explains how you can buy specific marine insurance online from SecureNow.

The shipping and transport business involves a huge amount of risk. Even with all the risk control measures, unexpected events can still take place putting businesses under financial stress. Being exposed to the risk of various man-made and natural disasters, marine insurance has become a necessity for businesses involved in the trade. Specific marine insurance […]

A warranty is something by which the policyholder undertakes that some things shall or shall not be done during the tenure of the policy. It means, he affirms or negates the existence of particular facts. Warranties are like statements according to which an insured promises to do or not to do some particular things. Remember, […]

If you are looking to buy a marine insurance policy, here are the steps that you need to take: Choose the Marine Insurance Cover Select your Broker or Insurance Company. A broker can provide you with multiple insurer options and also help to customise the available options to suit your needs and budget Fill the […]

Specific transit marine insurance offers protection to transported cargo from various perils like fire, explosion, sinking, collision and natural disasters. The below infographic explains how to file a claim under specific transit marine insurance in case of loss.

It is imperative to approach your marine insurer on an immediate basis, in case your goods are damaged, destroyed or stolen during transit. The insurer will carefully check whether all safety measures were taken while transporting goods or not. This is done to ensure there is no illicit marine insurance claim. Also, you are required […]

In order to file a marine insurance claim, it is necessary to submit the following documents by the policyholder – Duly filled original marine insurance policy or certificate Copy of billing lading Survey report/missing certificate Original invoice and packing list along with weight notes Copies of all the correspondence exchanged between you and the insurance […]

If you are an overseas importer and have an export & import insurance policy, you can approach your export and import insurer to file a claim under the policy. You can report a claim to any of the following- The export and import insurance company The nearest office of the export and import insurer The […]