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Reliance Marine Insurance

Marine Cargo Insurance Policy

The policy covers all types of Cargo in respect of your Imports, Exports and Inland Transits through, Rail, Road, Sea. Air, Government and Private Postal Services etc.

The Policy covers
All Risks (except those specifically excluded in the respective clauses attached).
Limited form of cover may also be opted depending on your requirements.

The Policy does not cover
Loss or damage caused by
•  Wilful misconduct
•  Improper packing
•  Ordinary leakage, wear and tear
•  Delay
•  Unseaworthiness
•  Insolvency of the carriers
•  War
•  Strikes
•  Radioactive contamination
•  Nuclear perils

Policy can be extended to cover War and Strikes perils on payment of additional premium.
Types of policies
•  Specific Policy
•  Open Policy
•  Open Cover

Basis of Valuation
•  Cost of Cargo.
• Freight.
•  Insurance.
•  Incidentals as may be agreed.
• Duty (at concessional rate of premium).

We provide
•  Worldwide Claims Survey and Settlement Assistance.
•  Network of Surveyors all over the country.
•  Customised and Innovative covers based on your needs.
•  Incentive for Good Claims experience.
•  Extensions for multitransit, incidental storage, FOB,
•  Discounts for Voluntary Higher excess, lesser distance etc.

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