Get Marine Open Cargo Insurance Application - Gbma.net - Intelligentcargoinsurancegroup

A marine open cargo policy is the agreement between a merchant and the insurance company to insure all goods in transit falling within that agreement for an indefinite period, until the agreement is cancelled by either party.

A marine open cargo policy is the agreement between a merchant and the insurance company to insure all goods in transit falling within that agreement for an indefinite period, until the agreement is cancelled by either party.

Open cargo insurance is similar to trip transit cargo insurance. However, instead of covering a single shipment, an open cargo policy provides coverage for all shipments. Open cargo insurance is ideal for medium to large businesses that ship products frequently.

All-Risk and Named Perils are the two main types of cargo insurance an importer can purchase to protect their goods during their supply chain.

Cargo insurance is the method used in protecting shipments from physical damage or theft. In fact, insuring cargo ensures that the value of goods are protected against potential losses which may occur during air, sea or land transportation.

Cargo insurance can be categorized based on the method of transportation, including the following three types: Road or surface transportation insurance. Air transport insurance. Marine cargo insurance.