Marine Insurance

Marine Cargo Insurance covers physical damage or loss of goods whilst in transit by land, sea, or air between the points of origin and destination.

What is MARINE INSURANCE?

Marine Insurance covers physical damage or loss of goods whilst in transit by land, sea or air between the points of origin & destination.

OUR ADVANTAGES

  • Market leading rates for Ocean, Air and In-land Cargo Insurance
  • Door-to-door coverage through top insurers in India
  • Marquee clientele across Mumbai that trust us with all their Marine insurance needs
  • Exclusive partnership with BCBA The Bombay Custom House Association, Est. 1937, the largest Custom House Agents' Association in India with a strength of over 1900+ members
  • Provide Marine Cargo, Container, Duty, MTO and Transporters Legal Liability insurance through a seamless Marine insurance policy issuance portal
  • Handholding across the entire lifecycle of proposal, issuance, renewal and claim management
  • 15 years of industry expertise and trusting partnerships with insurers, brokers, surveyors, claim handlers and marine underwriters
  • Specialize in arranging insurance for sanctioned countries and merchant trade

TECHNICAL EDGE

  • We have developed an in-house Marine Insurance Portal just for you!
  • Personal client login page to display policy and payment details
  • Seamless policy issuance with email alerts
  • Redressal mechanism for any technical issues
  • Client-wise business report to ensure mutual growth
  • Auto email alerts for daily policy issued and payment reminders

IMPORTANCE

Unfortunately, many international shipments move uninsured as importers/ exporters view insurance as an unnecessary expense. With the rise of cargo ship accidents worldwide, the risk exposure that companies take is much higher than they can bear at the time of loss, this is where Marine insurance comes in and allows continuity of business.

"All Risks" insurance relieves companies of their financial exposure from physical loss or damage to their goods while in transit since carriers have limited liability. The best way to protect your financial interest is through a well-structured marine insurance policy and we provide just that!

INCOTERMS 2020 Quick Reference Guide

Cargo Insurance Basics
  1. Risk of loss or damage is transferred from Seller to Buyer when the goods have been delivered to the carrier.
  2. While the Seller is responsible for insurance coverage during the main voyage, the buyer may have additional 'insurable interest' and prudence may dictate purchase of additional coverage.
Following is a comparison of perils and whether they are covered under the ICC terms provided under London Institute Clauses:
Cargo Insurance Basics

This above chart is for comparison purposes only. In the event of a claim or dispute, actual policy terms, conditions and exclusions will prevail.

PARTNERS

RK insure