Marine insurance covers the loss of ships, cargo and any transport by which property is transferred, acquired, or held between the points of origin and the final destination. There is a prevention from these damages and for your protection marine insurance companies are here.
Marine Cargo & Hull Insurance
The United Insurance Company of Pakistan Limited provide two type of coverages for its clients comfort. Marine cargo insurance covers all your investment and marine hull insurance covers all types of vessel operating. The details are following:
Marine Cargo Insurance
Marine Cargo insurance protects all goods while in transit depending upon the needs of client. Three broad types of cover are available i.e. Institute Cargo Clauses “A”, “B” & “C”. The cover takes care of risks associated with different modes of transportation.
Marine Hull Insurance
This cover is available for ocean going vessels, barges, tugs, dredgers, fishing trawlers, yachts, wooden dhows, pleasure/speed boats etc., under Institute Time Clauses Hulls. Cover is also provided for last breakup voyages from Karachi anchorage to Gadani.