Marine Insurance covers the loss of or damage to ships, cargo, terminals, and any transport or cargo by which property is transferred, acquired, or held between the points of origin and final destination.
Marine transit insurance is essential for anyone transporting possessions by boat or other watercraft. Due to the nature of basic boat insurance, only a small percentage of cargo is covered in the event of an accident or damage.
Marine insurance provides piece of mind to the carrier that they will not be liable for any accidents in transit. It can be tailored to create policies that give you the tightest shipping and transport protection for the best value.