Our Marine Insurance Policy covers everything from your ships to cargo both at sea and on land during transit.
To the average person, marine logistics is ships transporting goods between ports, but in reality, there’s a lot more to it and we understand its many components. Our Marine Insurance Policy covers everything from your ships to cargo both at sea and on land during transit. You can select exactly what and where to insure!
Cargo Imports and Exports
Marine Hull
Goods in Transit
Marine
Cargo Imports and Exports
Our Cargo Imports and Exports Policy applies to sea, air and land transfers, international or domestic. Whether you’re a shipper or a buyer, we’ll cover your consignment/cargo during the entirety of its journey – and if needed, the cover can also be extended from ‘warehouse to warehouse’, for added peace of mind.
Marine
Marine Hull
Designed to work on an all-risks basis, our Hull Insurance Policy covers your vessel and can be extended to machinery and equipment that are a part of it so you can decide what you want to cover.
Inspac can also assist you in getting the right cover for your private vessels such as yachts to ensure that you are well protected from risks that could occur in terms of physical loss and damage to the vessel.
Marine
Goods in Transit
A lot can happen on the road that can affect your goods, so it’s always sensible to have an insurance cover that’s either all-risk or accidental damage-based.
Our comprehensive Good in Transit Policy covers risks caused by traffic accidents, derailment, robbery, theft, natural hazards and more, so you know the unexpected won’t drastically impact your business. The policy is optimised for cargo agents and distributors, and the premium is based on Estimated Annual Carryings, which can be adjusted at the end of the policy period; based on actual values declared.
Frequently Asked Questions
Everything you need to know about marine insurance.
What is marine insurance?
Marine insurance is a type of insurance policy designed to protect against damage or loss to cargo, ships, and other marine vessels.
Who needs marine insurance?
Any party involved in the transportation of goods by sea, including ship owners, cargo owners, and freight forwarders, may need marine insurance to protect their financial interests in the event of damage or loss.
How much coverage do I need for my marine insurance?
The amount of coverage needed for marine insurance depends on the value of the cargo being transported, as well as the value of the vessel itself. It’s important to ensure that your policy provides enough coverage to fully replace your cargo or vessel in the event of a total loss.
What is the duration of marine insurance coverage?
Marine insurance coverage can vary in duration, depending on the specific terms of the policy. Coverage may be provided for a single voyage, a specified period of time, or on an ongoing basis.
Still have questions?
Can’t find the answers you are looking for? Get in touch with our team to learn more.