Marine Insurance
This type of insurance cover protects against damages to cargo or freight on vessels, damages to vessels, ships, airplanes, watercraft and liablity from the operations on sea.
This type of insurance cover protects against damages to cargo or freight on vessels, damages to vessels, ships, airplanes, watercraft and liablity from the operations on sea.
Hull insurance is a marine insurance policy specifically designed to provide coverage to water vessels and commercial based ocean crafts like a boat, ship, yacht, fishing boat, steamer, etc. A hull means the body of the vessel and this insurance policy protects them. The insurance provides financial protection in case of any damage to the vessel’s body (hull) and or the machinery due to risks covered by the policy
People eligible for marine hull insurance are:
Marine hull insurance is a comprehensive policy, but the following cases fall out of its scope:
Cargo insurance is a marine insurance policy that provides coverage for physical damage to cargo during transit. Depending on the chosen coverage, some policies offer theft protection or coverage for other forms of losses besides physical damage.
Following documents are required to make a claim:
Keep the damaged property under the safe custody until advised by the surveyor / insurer regarding its disposal.
Cargo insurance is a marine insurance policy that provides coverage for physical damage to cargo during transit. Depending on the chosen coverage, some policies offer theft protection or coverage for other forms of losses besides physical damage.
The key benefits of critical illness insurance are:
The policy provides coverage from the risks arising during transit via sea and other modes of transport. The insurer compensates for the following:
Loss damage or expense incurred under the following circumstances are not covered under the policy:
In case of loss or damage to the cargo you need to immediately inform the insurance provider and follow the given steps
Following documents are required to make a claim:
Keep the damaged property under the safe custody until advised by the surveyor / insurer regarding its disposal.
While generally it is three times, it could vary from company to company.
Yes, but inspection of the vehicle is required. However, No Claim Bonus (NCB) can be protected till the expiry of 90 days from the date of expiry.
Legally anyone driving a car, must hold a valid driving license. In this scenario, it is the owner's responsibility to ensure that his vehicle is being driven by someone with a valid driving license and that the driver is not under the influence of alcohol or drugs.
According to the Supreme Court order, IRDA has mandated all general insurance companies to offer multi-year third party insurance to all motor vehicles sold after 1st September, 2018. Therefore, instead of single third party liability plans, insurance companies will offer 3 year third party liability plans to cars and 5 year third party liability plans to two wheelers.
Also called Protection and Indemnity Insurance, Marine Liability Insurance offers protection for third-party liabilities that owners and corporations are exposed to during water-based operations. It covers injuries, illnesses, or even loss of life caused by vessel operation. Medical expenditures, damage to other vessels and cargo, collision incidents, and related expenses as a result of quarantine may also be covered
The range of covers includes
Traditional marine liability accounts that are typically covered, include:
In case of loss or damage to the ship, you need to immediately inform the insurance provider and follow these steps for making a claim:
Following documents are required to make a claim:
Keep the damaged property under the safe custody until advised by the surveyor / insurer regarding its disposal.