Marine Insurance
Protect Your Maritime Investments
What is Marine Insurance?
Frequently asked question
Is marine insurance mandatory?
No, marine insurance is not mandatory, but it is highly recommended for those who own or operate maritime assets.
What is included in a marine insurance policy?
A marine insurance policy typically includes coverage for physical loss or damage to your vessels, as well as liability for injuries or damages caused to others during transit. The specific coverage options included in a policy will depend on the policyholder’s needs and the insurance provider’s offerings.
What are the different types of marine insurance?
The most common types of marine insurance include hull insurance, cargo insurance, and liability insurance.
Does marine insurance cover damages to the ship's crew?
Yes, marine insurance typically includes coverage for medical expenses and other costs associated with injury or death to the ship’s crew. This can provide peace of mind and financial protection for the ship’s owner and crew members in the event of an accident or illness while at sea.
Can I customize my marine insurance policy?
Yes, most insurance providers offer customizable options to fit the specific needs and assets of the policyholder.