Marine Insurance
Secure Against Ship Damage Financial Losses With
iCare Marine Insurance
Are waves crashing down on your shipping dreams? Don’t let rogue waves of risk sink your precious cargo. Our marine insurance protects you financially in case of any damage related to your ship. With our hull and machinery insurance, you can get covered for any physical loss to your boat. Alongside, our cargo insurance policy covers the loss or damage to the cargo that is being transported on a ship. You can opt for our protection and indemnity insurance in case you need financial coverage for the shipowner’s liability for third-party claims, such as pollution damage or injury to crew members.
Quick Guide to Marine Insurance
Marine insurance typically covers two main areas: hull and machinery (protecting the vessel itself) and cargo (protecting the goods being transported). However, it can also extend to risks like general average, war, and strikes, depending on the policy.
Anyone involved in the maritime industry, from shipowners and operators to importers and exporters, benefits from marine insurance. It protects against financial losses.
The premium for your policy depends on several factors, including the type of vessel, type of cargo, voyage route, value of insured items, and perceived risks. Your claims history and safety measures can also influence the cost.
Most policies won't cover inherent vice (natural deterioration), intentional damage, delays, or losses due to financial issues. Always carefully review the specific exclusions listed in your policy.
Contact your insurance provider immediately upon encountering a loss. You will receive guidance on the claims process, which typically involves documentation, surveys, and potentially salvage efforts. Remember to adhere to policy terms for a smooth claim experience.
Other Services
At Icare Insurance, we ace the insurance industry catering to a varied range of insurance types.
Fire Insurance
Term Insurance
Marine Insurance
Product Liabilty
Cyber Insurance
Employee Benefit Insurance
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Would you like to get more details about our services? Our team is ready to answer all your questions.
