Types of Policies
1- Marine Cargo Insurance
This policy covers the cargo of the Insured against any damage or losses it may
sustain during the voyage (by sea or air) from the time goods leaves the factory
or warehouse of the supplier until it arrives at the warehouse or premises of the
Insured.
The shipments could either be merchandise such foodstuff, furniture, clothes, hardware,
appliances or plant & machinery or personal effects.
2- Inland Transit Insurance
Not all cargoes are transported by sea going vessels or aircraft. Some goods are carried by transport
on land especially those
coming from neighbouring countries.
Manufacturing companies need
to move also their stocks for distribution to their outlets or clients. Hence, the necessity to cover such goods or stocks against losses
or damages due to road accidents or natural calamities such as rain, storm or flood
whilst being transported on land within the country or to and from other countries.