Marine Insurance

Marine insurance

Naturally, there are more inherent risks and different potential hazards when moving your goods overseas in comparison to moving them within the same country, or even Europe. Some of these risks are outside of our control, so as with the UK and European removals, we offer comprehensive marine insurance cover with every international removal we carry out. 

Our Insurance is provided by a dedicated removals insurance broker regulated by the FSA and is tailored to your needs, the value of your contents, destination, and transport process. On filling out our marine insurance valuation form, and selecting the level of cover you require, we will provide you with an insurance certificate. 

 Our surveyor will provide more information on our international removals insurance at the appointment, or alternatively give the office a call on 0191 4862095

What is marine insurance?

Marine Insurance is a type of insurance that covers cargo losses or damage caused to ships, cargo vessels, terminals, and any transport in which goods are transferred or acquired between different points of origin and their final destination. Providing protection against transport-related losses, this voyage policy provides a haven for shipping companies and couriers because it protects them from costly potential losses while transporting goods by water.

Despite following laws and safety regulations, transporters can’t control natural occurrences that might disrupt the cargo or vessel. Things like weather hazards encounter with pirates, and cross border conflicts are very common in water transportation and the damages associated with these situations can cause significant financial hardship for ship owners. This is where a marine insurance policy comes to the rescue, protecting the interests of shipping corporations and transporters by providing them with insurance coverage needed to defend against possible losses.

Another great feature of marine insurance is that transporters can choose coverage options applicable to their specific trade. Coverage requirements can differ, so shipping businesses can choose an insurance plan that is customized. Different policies are available to provide coverage according to the size of the ship and routes have taken