Marine Insurance
Marine Insurance
Marine insurance protects the goods such as stocks, machinery, valuables etc. against cargo loss or damage to ships and other vessels during transit due to explosions, fire, collisions, accidents or sinking of ship or vessel. It covers all transportation modes by which goods are moved from one place to another. Here are its benefits:
- Protection against loss of cargo, equipment, theft, or damage
- Cargo owners can lessen risks arising due to natural disasters and avoid financial losses
- It also boosts international trade
Marine Insurance for Businesses
Marine insurance is beneficial for you, especially if you are in the marine transportation, exports, imports and shipping business. Features of marine insurance:
- In India, it is compulsory for all vessels transporting cargo to have legally compliant marine insurance
- Marine insurance keeps you covered if you lose or damage cargo, vessels, or equipment due to natural disasters, accidents, or theft.
- In the event of loss or damage, the cargo owner can file a claim with the insurance company
- The premium you pay depends on the cargo value and the level of risk involved
How to Choose the Right Marine Insurance Advisor
At Nesting Wealth, we bring you our wealth of expertise in helping individuals choose suitable marine insurance that offers sufficient coverage at a cost-effective price. Our Professional and experienced advisors can offer tailored solutions to match your specific requirements.
