Can some one send me the details of Marine Insurance.?

Answer 1

HELLO,

FIRST I WOULD LIKE TO CONFIRM WHAT IS THE EXACT DETAILS YOU ARE INTERESTED IN? BASICALLY THERE ARE 2 TYPES OF INSURANCES AVAILABLE, I FOR CARGO & II FOR VESSELS. IF YOU CAN LET ME KNOW YOUR NEED, I WILL BE ABLE TO SEND THE DETAILS FOR THE SAME.

THANKS & REGARDS.

Answer 2

Marine insurance covers the loss or damage of ships, goods or property at sea and goods and property at road and in air also. Mainly it covers the transit risk. It typically compensates the owner of merchandise for losses sustained from fire, shipwreck, etc., but excludes losses that can be recovered from the carrier. The term abandonment is used to describe the surrender of the ship or goods insured to the insurers, in the case of a constructive total loss of the thing insured.

http://www.surfindia.com/finance/marine-insurance.html

Answer 3

No. Marine insurance, both ocean marine and inland marine, is usually custom tailored to fit a given situation or set of needs - so it's going to vary wildly. There are no "standard details".

Answer 4

It is goods transit insurance. Generally valid from sellers godown or factory to buyers godown or warehouse, plus some days of storage included, according to the type of policy. Go to some insurance site, for full details.