Ocean
marine contracts are written to cover four major types
property interest: (1) The vessel or hull, (2) the
cargo, (3) the freight revenue to be received by the
ship owner, and (4) legal liability for negligence of
the shipper or the carrier. Hull insurance covers losses
to the vessel itself from specified perils.
What does it protect?
This coverage is designed to protect shipments of
goods in foreign trade, particularly exported or
imported by an ocean vessel or as air cargo.
How does it work? Ocean cargo provides broad coverage that includes
damages caused by stranding, sinking, fire, collision,
theft and severe weather. And it automatically covers
goods shipped by air or sea, from the warehouse at the
point of shipment to the warehouse at the point of
destination and transit by rail or truck in between
those points. Optional coverage are also available to
protect against damage or loss to your property that
results from collision, loading and unloading and
mechanical breakdown.
Note: All the above
information are subject to change without notices.
Inexpensive Health Care
$2.10
per day
It is
known as a scheduled benefit health insurance plan.
