Marine Insurance

Jan 6 02:58 2020 Suzaine Print This Article

What is the Marine Insurance?

Marine insurance is the advance form of insurance which is specially designed to fulfill the needs of business society. “Marine insurance is a type of insurance which compensate all the losses and damages occur during transit”

Trading Country

Pakistan is the trading country. Large amount of businesses are linked with import and export and trading. Most of the cargo businesses are occur through marine logistics.

Capital Investment

Import and export needs large amount of investment. Importers and exporters transport things in a bulk quantity and for this huge capital is required. The safety during transit is the most mind shattering question.

Advantages of having Marine Insurance

There are a lot of advantages of having marine insurance which are enlisted below:

  • A person whose goods are in transit then he doesn’t need to worry for any type of loss.
  • Unfortunately,Guest Posting if any accident is occur during transit then take a deep breathe because insurance company will compensate.
  • The strongest benefit of having insurance is peaceful and relax mind without any stress of damage.
  • Marine insurance decrease the chances of risks and many threats.

Types of Marine Insurance

There are two types of insurance

  1. Marine cargo insurance
  2. Marine hull insurance

Losses

When you deal in big business then the chances of losses and misplacement is also increasing. Any point of deprivation results in a huge damage. So in reality no one can afford such substandard conditions.

Coverages

Marine insurance provides coverage’s both for the goods and also for the ships and other sources of transit.

The United Insurance Company of Pakistan Limited

The United Insurance Company of Pakistan Limited is one of the good company which deals in all products of general insurance. Marine insurance is the most appreciated product of UIC.

UIC Packages

The United Insurance Company of Pakistan Limited offers two features in one product:

  • Marine cargo
  • Marine hull insurance

The thing which makes The United Insurance Company of Pakistan Limited more superior is UIC’s client centric approach. The United Insurance Company of Pakistan Limited modifies its marine insurance policy according to the demand of the customers.

UIC Marine Cargo Insurance

This feature of marine insurance covers all the goods which are in transit.

UIC Marine Hull Insurance

Marine hull insurance covers the vessel structure of a marine which covers all the damages occurs to the ship body.

Protect your Goods

The basic reason of marine insurance is the safe and secure transportation from first point to the desired destination. Marine insurance can only do this and gives all around safety.

Safe Freight in

Marine insurance is the second name of safe freight in and in case of any emergency and accident, insurance company will compensate all the losses.

Briefly

Marine insurance assures 100% security for the cargo goods and for ship body. Insurance is mandatory step for every business which gives proper compensation in case of any accident and emergency. Marine insurance covers all the losses and damages in accident. So every cargo business must have true and genuine marine insurance policy.

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About Article Author

Suzaine
Suzaine

Digital marketing manager @ United Insurance with years of experience in SEO/SMO/SEM.

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