Marine Insurance

• Insurance against loss of or damage to

  • Vessels
  • Craft
  • Aircraft
  • Vehicles
  • Goods
  • Freights
  • Cargoes
  • Merchandise
  • Effects
  • Disbursements
  • Profits
  • Moneys
  • Securities
  • Choses in action
  • Instruments of debts
  • Valuable papers
  • Bottomry
  • Respondentia interests
  • All other kinds of property and interests therein
• Risks or perils covered by insurance

  • Navigation
  • Transit
  • Transportation
  • While being assembled, packed, crated, baled, compressed or similarly prepared for shipment
  • While awaiting shipment
  • During any delays, storage, transhipment, or reshipment incident thereto
  • War risks
  • Marine builder's risks
  • All personal property floater risks
• Other types of insurance covered

  • Person or property in connection with or appertaining to a marine, inland marine, transit or transportation insurance
  • Liability for loss of or damage arising out of or in connection with the construction, repair, operation, maintenance or use of the subject matter of such insurance (but not including life insurance or surety bonds nor insurance against loss by reason of bodily injury to any person arising out of ownership, maintenance, or use of automobiles)
  • Precious stones, jewels, jewelry, precious metals, whether in course of transportation or otherwise
  • Bridges, tunnels and other instrumentalities of transportation and communication (excluding buildings, their furniture and furnishings, fixed contents and supplies held in storage)
  • Piers, wharves, docks and slips, and other aids to navigation and transportation, including dry docks and marine railways, dams and appurtenant facilities for the control of waterways
•  Marine protection and indemnity insurance

  • meaning insurance against, or against legal liability of the insured for loss, damage, or expense incident to ownership, operation, chartering, maintenance, use, repair, or construction of any vessel, craft or instrumentality in use of ocean or inland waterways, including liability of the insured for personal injury, illness or death or for loss of or damage to the property of another person.