Marine Cargo Insurance

Cargo insurance covers the loss, damage or theft of commodities while in transit. There are different types of marine cargo insurance coverage, such as:

Commercial Floater Insurance

Covers accidental property loss or damage for floating assets caused by
(1) fire and fire allied perils at the insured’s storage site;
(2) in transit from one insured’s site to another.

Marine Hull Insurance

Institute Time Clauses (ITC)-Hulls is the most widely used policy form. It may cover hull, machinery, collision liability, and disbursement as expressly declared.

(Source : Fact Book / Non-Life Insurance Association of the R.O.C.)