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Reliance Marine Cargo Insurance Policy

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Reliance Marine Cargo Insurance Policy

Benefits

Reliance Marine Cargo Insurance Policy

​Business is no longer constrained by borders and goods are shipped around the world. It's very crucial to protect these goods from various possible mishaps. Reliance Marine Insurance Policy is one of the best cargo insurance covers, which will help you protect your valuable cargo literally anywhere in the world. Our marine cargo insurance policy will provide full cover against damage or loss to cargo sent by sea, road, rail or air.​​​

What does this policy cover?

The Reliance Marine Cargo Insurance Policy covers loss or damage to cargo in transit by:

Land: Road or railway

Waterways: Ships, inclusive of every description of vessel used in navigation

Air: Aircraft used for the transport of cargo, among others

Government or private postal services

The coverage provided under these policies ranges from a restricted form of cover, e.g. Fire and Lightning perils only, to the widest available form of cover, namely, All Risks, at the option of the insured. 

The different types of marine cargo insurance polices are:

Specific Policy: Covers those specified risks under marine cargo sent or received during the policy period.

Open Policy: Provides automatic and continuous insurance protection to all shipments sent/ received during the policy period.

Open Cover: Similar to Open Policy, this variant covers loss or damage to cargo where a specific stamped certificate is issued for the declaration made.

Special Features:

  • Worldwide claims survey and settlement assistance
  • Network of surveyors all over the country
  • Customized and innovative covers based on your needs
  • Extensions for multi-transit, incidental storage, FOB, riot and strikes perils etc.
  • Discounts for voluntary higher excess, lesser distance, etc​​

The marine cargo insurance policy does not cover loss or damage to cargo insured due to:

  • Willful misconduct of the insured
  • Insufficiency or unsuitability of packing or preparation of the cargo insured
  • Ordinary leakage, ordinary loss in weight or volume, ordinary wear and tear, and inherent flaws in the cargo insured
  • Delay
  • Insolvency and financial distress of the carriers
  • ​Un-seaworthiness of the vessel​​