Marine Insurance
While goods are imported or exported, the insured is exposed to significant financial losses should the shipment be damaged or lost in transit. An organization needs to depend on an insurance company that understands the importance of swift response and efficient service in handling the claims.
Century’s Marine Cargo Insurance provides the best protection for the cargo. Catering to both importers’ and exporters’ needs, the coverage is comprehensive and flexible with international shipments protected from the time the goods leave the seller’s warehouse until they reach the buyer’s warehouse.
In addition to international shipments the Marine Policy can offer protection for local shipments within the country,
We offer our clients tailored solutions for their international and domestic marine exposures. The two standard product lines are:
- Marine Cargo including Inland Transit
- Marine Hull
Marine cargo insurance covers the risks of physical loss or damage to goods and merchandise while in transit by any method of conveyance anywhere in the world. Inland Transit policies cover transit by road and/or rail within the country.
Marine hull provides coverage for all types of vessels and their machinery while navigating anywhere in the world. In addition we can cover ship beaching risks for the ship breaking industry as well as Fire and Allied Perils for the beached vessel.
Losses occurring anywhere in the world are promptly investigated and equitably settled through our international claims settling agents.