Marine Insurance (In Land Transit Road/Rail)
Marine Insurance cover starts right from the movement of goods / machinery / Raw
Material leaves the foreign / Indian manufacturers’ warehouse & remain continuously
in force during voyage, inland transit to the factory site / warehouse. Loss that
occur during transit of goods either by rail, road, sea or air.
Marine Insurance can broadly be divided into two classes:
- Cargo Insurance
- Hull Insurance
There are Two Types of Marine Policy
- Open Cover Policy
- Special Declaration Policy (Adjustive Policy) Rate – 0.02 paisa to 1
Rs.