– It provides all-round coverage against a wide variety of risks faced while at sea.
– Most marine insurance providers offer claim survey assistance worldwide, along with claim settlement assistance.
– Different marine insurance providers offer a variety of options and plans under marine insurance policies to suit different budgets and requirements.
– Marine insurance covers can often be customized and adjusted to meet specific needs and budgets of the customers.
– Often, marine insurance policies do provide extensions to provide protection against damages caused due to riots, strikes and other such perils.

Following is a list of some of the common instances or losses which marine insurance provides cover against:
– Import or export shipments.
– Goods which are being transported via sea, rail, air, road or post.
– Goods being transported by coastal vessels which ply between different ports inside the country.
– Goods which are transported via vessels plying along rivers.

– Routine wear and tear or ordinary leakage.
– Incorrect and inadequate packaging of goods being transported.
– Damage caused due to delay.
– Damage caused wilfully or intentionally.
– Damage caused due to civil commotion, strikes, war, riot, etc.
– Any damage or loss occurring due to bankruptcy or financial default of the owner of the transport vessel.