Ocean Marine & Cargo Insurance
An Ocean Marine & Cargo Insurance policy provides broad coverage for damage to goods shipped by air or sea from high seas, theft, fire or collision. Cargo is covered from point of shipment, while it’s in transit– even when part of the journey is over land– until it reaches its destination.
Exclusions in the policy are important, and should be reviewed by your insurance agent. These typically include damage due to dampness, breakage, delay or loss of market, acts of war, confiscation etc., strikes, riots or civil commotions.