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Marine insurance company in navi mumbai
158+
International gateways
2000+
Tons of air freight annually
Swami Samarth Enterprises’ offer marine insurance that protects cargo owners, shipowners, and other maritime stakeholders from potential losses or damages when goods or persons are transported by sea.Financial compensation is provided in the event of accidents, natural disasters, theft, or damage to ships or cargo during transit through marine insurance policies offered by various marine insurance company.
KEY HIGHLIGHTS OF MARINE INSURANCE:
- Hull Insurance : Protects the cargo or ship from physical damage, including machinery, hull, and equipment.
- Cargo Insurance : Protects cargo or goods in transit against risks such as theft, damage, loss, or nondelivery.
- Freight Insurance : Compensates for lost earning in the event in the event that cargo damage prevents full freight charges from being collected.
- Liability Insurance : Protects shipowners against legal obligations for things like property damage, personal injury, and claims relating to pollution.
- Marine Perils Covered : Marine insurance company in India offer marine insurance policies that typically cover a wide range of perils and risks, including:
- Collision : Damage from collisions with other vessels or objects.
- Fire and Explosion : Losses brought on by explosions or fires on board.
- Storms and Natural Disasters : Damage from storms, tsunamis, or unfavorable weather.
- Theft and Piracy : Protection against occurrences of hijacking or cargo theft.
- General Average : Shared loss principle where all involved parties contribute to common losses to ensure overall safety.
- Coverage Limits and Premiums : The coverage limit denotes the maximum payout for covered losses, while premiums are determined based on factors such as insured item value, coverage type, cargo nature, route, and perceived risks.
- Institute Cargo Clauses (ICC) : Standardized terms and conditions used in marine cargo insurance,categorized into levels A, B, and C, with "A" providing the most comprehensive coverage.
- Salvage and General Average : Principles governing the rescue or sacrifice of ships or cargo to prevent greater losses, where all parties contribute to shared losses under general average.
For companies and individuals involved in shipping, trading, and logistics, it is essential to understand the details of maritime insurance. Collaborate with esteemed marine insurance company in Navi Mumbai through us to ensure adequate coverage for your maritime interests.