Marine Open Insurance

Marine Open Insurance is a type of policy that allows you to insure all your goods in transit or shipment for the entire year under a single policy. This policy is especially beneficial for logistic companies that have multiple transits throughout the year, as a single insurance policy can cover the loss or damage of cargo for multiple transits.

There are three types of Marine Open Declaration policies, each covering the movement of goods from one place to another:

• Inland (within the country)

• Export (from India to a country outside India)

• Import (from a country outside India to India)

Who should consider Marine Open Insurance?

Marine Open Declaration Policy is a suitable insurance policy for businesses or individuals who engage in multiple shipments of cargo throughout the year and want to protect their goods from potential loss or damage. Since business goods and consignments often hold high value, they are susceptible to risks while in transit.

Why do you need it?

Having to insure goods for each shipment separately can be a tedious and time-consuming task for entities dealing with multiple shipments in a year. Instead, opting for a Marine Open Declaration Policy can provide a convenient solution, allowing all goods in transit to be covered under a single policy with periodic declarations. This can save time and effort while ensuring that the goods are protected against potential loss or damage during transportation.

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Marine Open Insurance

Who should consider Marine Open Insurance?

Why do you need it?