Insured will need to periodically provide the under listed items in the case Marine open cover

• General description of the goods
• Maximum value payable under the policy
• How the goods will be valued
• Countries or places to or from which the goods will be insured

Some of the perils insured against in our Marine cover include but not limited to the following:

• Fire & Explosion
• Stranding, Grounding, sinking or capsizing
• Overturning or derailment of land conveyance Collision
• Discharge at port of distress
• Total loss of Vessel
• General average sacrifice
• Jettison of cargo
• Earthquake, volcanic eruption or lightning
• Washing overboard
• Entry of sea, lake, river water to hold or container
• Total loss of package during loading/unloading
• Rainwater
• Malicious Damage
• Breakage
• Shortage
• Pilferage
• Theft

Our main Marine Cover Exclusions

• – Piracy
• Willful misconduct of the insured (the merchant)
• Ordinary leakage, loss in weight, wear and tear of goods
• Insufficient packing, inadequate storage in a container, inherent vice, or goods deterioration caused by delay
• Insolvency or financial default of the owners, managers and so on, of the vessel.
• Loss or damage due to nuclear weapons/radiations
• Deductible/excess
• Loss due to unseaworthiness of vessel
• Consequential loss
  

To make a claim under our Marine Cover, you will be required to attach the following documents, which list may change from time to time depending on the circumstance.

• Bill of Lading
• Certificate of Insurance
• Sea waybill
• Air way bill
• CMR Consignment note
• Carrier’s response / settlement
• A subrogation form