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Secure Your Cargo Transit

Marine Transit Insurance

Safeguard your goods against losses or damage while in transit across sea, air, road, or rail. ICICI Marine Transit Insurance ensures your cargo stays protected from every risk along the way.

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sehat sathi

*Terms and conditions apply.

What is Marine Transit Insurance?

ICICI Marine Transit Insurance provides financial protection for your goods against losses or damages that may occur during transportation. It covers shipments moving from the point of origin to the final destination across all modes of transport, including road, rail, air, and sea. The policy safeguards your cargo against risks such as fire, explosion, theft, hijacking, collision, overturning, and adverse weather conditions. You can also tailor the coverage to suit your business needs, ensuring complete protection throughout the transit journey.

Understanding How Marine Transit Insurance Works

Marine transit insurance is designed to protect your cargo financially during its journey. Once you purchase a policy, the insurance company takes on the risk of potential damage or loss. If your goods are affected, you notify the insurer, who will send a surveyor to evaluate the extent of the loss. Compensation is then provided according to the surveyor’s findings.

With this coverage, you have a safety net, ensuring peace of mind while your cargo is in transit.

Categories of Marine Transit Insurance

  • Domestic Transit: Covers goods transported within India
  • Import Transit: Protects goods arriving from other countries to India
  • Export Transit: Secures goods being shipped from India to overseas destinations

What Does Marine Transit Insurance Cover?

    Marine transit insurance protects your cargo against a variety of risks during transportation. Coverage includes damages caused by:

  • Fire, lightning, or explosions
  • Vehicle derailment or overturning
  • Natural events such as volcanic eruptions or earthquakes
  • Collisions between vehicles
  • Damage or loss during loading and unloading
  • Damage or loss during handling while in transit
  • Water entering the cargo from rivers, lakes, or other sources
  • Theft or intentional damage
  • Hijacking of goods
  • Shortage or non-delivery of goods
  • In addition to these, marine cargo insurance may cover other risks not specifically excluded in the policy. Comprehensive “all-risk” marine cargo insurance generally includes all of the above protections. However, a basic marine policy may not cover hijacking, theft, intentional damage, or losses during loading and unloading. Always review the policy details to understand exactly which situations are covered.

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