What is Ocean Marine Cargo Insurance?

Ocean marine cargo insurance is one of the oldest types of insurance in the world. If you are shipping cargo that will be waterborne at any point during the shipping process, getting ocean marine cargo coverage can safeguard goods and merchandise onboard shipping vessels during transit. It is designed to protect cargo from incidents such as damage or theft. 

Getting the right policy is essential for protecting your cargo as it travels over water. Well Insurance can help you figure out the best policy. Our experienced agents will ensure your cargo is properly covered through our vast knowledge of the market and unwavering determination. Be sure to visit our website or contact us at (270) 200-4264 for a quote today. 

What Does Ocean Marine Cargo Insurance Cover? 

It is not uncommon for damage to occur to cargo as it’s traveling over water. Damage can happen for various reasons, including weather, atmospheric conditions and handling faults. Ocean marine cargo insurance will assist you in making up costs for damage that occurs due to accidents that are out of your control. Out-of-pocket costs for damaged cargo can be high, so it’s essential to have adequate ocean marine cargo insurance coverage. 

Who Needs It? 

In general, if your business involves shipping cargo over a body of water, getting an ocean marine cargo insurance policy is something to consider. This type of coverage is essential for e-commerce companies, as well as the following: 

Your cargo is valuable. If your business falls under or includes one of the above categories, it’s essential to be covered with an adequate marine cargo policy. This will help limit out-of-pocket costs when accidents happen. 

Why Should You Have It? 

To facilitate the safe transportation of your goods and merchandise as they travel over the water, you need ocean marine cargo insurance. Getting the right policy will help put your mind at ease because you know you will have adequate coverage to help alleviate costs incurred because of theft or damage. Do not sell yourself or your cargo short.  

Visit our website or contact us for a quote at (270) 200-4264.