Marine Insurance is an insurance against risks connected with navigation, transportation or any stage in the preparation for shipment
to which a ship, cargo, frieght, profit or other insurance interest on a movable properties may be exposed to the perils of the sea during
Cargo (Ocean, Inland, Air)
- Ocean Marine
Cargo carried by vessel capable of undertaking ocean voyage wheter for imports or exports.
Cargo carried by waterborne vessels within Philippine territorial waters.
Cargo carried by trucks or railways within the country.
Inland Marine Policies
Truck Risk Clause
- Overturning or upset of truck
- Collapse or subsidence of bridges
- Flood, lightning, cyclone, tornado
- Loading and unloading
- Losses whilst the unit is on stop at an allowed territory
- Robbery & Hi-jacking
From: time goods are loaded on carrying vehicle
Until: time goods are unloaded from carrying vehicle
Dispatch of goods by airfreight wheter inter-island or international.