Marine Cargo Insurance can provide protection when insured goods are physically lost or damaged during transit.

The actual cover depends on the cargo clauses, policy schedule and endorsements.

What types of damage can be covered? #

Depending on the policy, insured events may include:

• Collision.
• Overturning.
• Fire.
• Theft.
• Handling damage.
• Water damage.
• Accidental physical damage.
• Certain loading or unloading losses.

Broader cargo clauses can provide wider protection than limited named-event cover.

When does the transit begin and end? #

This is defined by the policy.

Some cargo policies commence when goods are first moved for the purpose of loading and continue during the ordinary course of transit until delivery at the intended destination.

Storage outside the normal course of transit may require separate consideration.

Can international shipments be insured? #

Yes.

Marine Cargo Insurance is commonly used for imports and exports.

The geographic limits and any country restrictions need to be checked.

Are goods automatically covered during installation? #

Not necessarily.

Transit cover generally ends according to the policy’s transit definition.

Dismantling, erection, commissioning or installation may fall outside ordinary cargo cover unless specifically agreed.