Marine Insurance Service Provider

With the endorsement of our experienced professionals, we are indulged in providing an Marine Insurance Service in New Delhi, Delhi, India. Marine insurance is the indemnity for the loss of cargo or damage to ships during the shipment. The risks that marine insurance covers are fire, seizures, wars, accidents or causalities which take place over the sea. The winds and waves are not included as risks in the marine insurance. Marine insurance typically refers to business boating ventures and transportation of cargo over water, though it is sometimes used to describe insurance for personal watercraft such as yachts or jet skis. Since the nature of marine business involves transportation from one area to another, it is difficult to regulate such insurance as the insured vessel will often travel between nations. Insurance products available for these types of risks can vary widely between companies for this reason. Hull insurance covers physical damage to an insured vessel as well as salvage costs and limited property damage liability. It is similar to collision coverage for an automobile. Builder's risk policies protect these same vessels during construction until they are ready for operation.