Marine Insurance
Maritime transport is by far one of the oldest means of transportation used by many for the moving of heavy loads. This is the reason marine insurance has become extremely popular. Over the years, it has become a must have in Dubai’s Logistics business, without which, you might be liable for the cost of any missing cargo. Having marine insurance ensures you are well protected in the advent of such a situation and could save you a lot of money. Missing goods aren’t the only reason why you need a marine insurance. There is a lot more. Being knowledgeable about what this insurance covers can help save a lot of time and money.
What Exactly Does Marine Insurance Cover?
There are several policies you can partake in, however, there is a standard policy that offers the following coverage;
Vessel Damages
Akin to auto insurance, marine insurance offers coverage for any damage done to your vessel. It also covers the damages done to another ship, in the case of a collision.
Machinery Damages
Marine Insurance also offers coverage for damages that could occur in any part of the ship. A general breakdown or complications to the ship will be taken care of via a marine insurance.
Cargo & Freight Cover
This is considered one of the most important cover as it protects both the owner of a cargo and the shipper. It’s quite common to hear about cargo getting missing at sea. Without marine insurance, the burden to pay the debt would be entirely left on the shoulders of the shipper. However, this isn’t the case, as all expenses are taken care of.
Indemnity Cover
This cover helps to relieve a shipper of any expenses as a result of a claim in the course of a collision. All expenses as a result of injuries sustained, damage to property, and loss of property will be taken care of.
These are all standard policies. There are other policies that cover expenses as a result of fraud and the seizure of the ship at sea.
If you own a vessel or ship, then visit Lifecare International today for the best deals on marine insurance policies.
Why Trust Lifecare International
We offer the following services;
Expert Team Of Professionals
At Lifecare, we make available a team of professionals willing to work with you. Our team of over 100 professionals caters for the needs of several families and are relentless in finding the right policy for you.
Years Of Expertise
Over 2 decades of helping and catering to the needs of families and businesses. We are proud to say we have helped over 25,000 families and 1,000 businesses over the course of these years.
Personalized Service
At Lifecare, we understand that each individual is different and so are their needs. Our team works with your requirements in tailoring the best policies that would suit you perfectly.
Give us a call because we would love to work with you.
