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Marine Open Insurance

Cover risk on goods under a single policy

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What is Marine Open Insurance?

Marine Open Declaration Policy enables you to insure all your goods in transit or shipment during the year under a single policy. This policy is of a huge advantage for logistic companies, for multiple transits during the year and a single insurance policy can cover loss or damage of the cargo for multiple transit.

Marine Open Declaration policy are of three types, covering movement of goods from one place to another.

Within the country (Inland)
From India to Country outside India (Export)
From Country outside India to India (Import)

Who needs Marine Open Insurance?

Entities or individual dealing in multiple shipment of cargo, during the year should buy this insurance policy to protect the goods from loss or damage.

Business goods and consignments are usually very high in value and needless to say it is exposed to risk when it is in transit.

Why you should Buy ICICI Lombard’s Marine Open Insurance?

One of the leading General Insurance Company with following strengths:

One floating policy for your multiple transits during the period.
Automated and timely insurance of all the cargo declared.
Periodic declaration of sum insured utilized.
Expertise in handling marine claims.

Why do you need Marine Open Insurance?

When an entity is dealing in multiple shipments a in year, it is very tough and time consuming for the insured to insure goods for each shipments. Rather, one can insure all goods in transit in a single open policy subject to periodic declaration.

What is covered by Marine Open Insurance?

Below are the detailed inclusions and exclusions of our Marine Open Insurance

Covers	Import / Export		Inland
Covers	ICC A	ICC B	ITC A	ITC B
Fire or Explosion
Overturning or derailment of vehicle
Discharge of cargo at port of distress
Collision between 2 Vehicles
Jettison
Washing Overboard
Earthquake, Lightening or Volcanic Eruption during transit
Damage/Loss to goods during loading & unloading
Damage/Loss to goods during handling of goods in transit
Theft or malicious damage
Hijack of goods
Any other risk not specifically excluded

Get answers to common questions about
Marine Open Insurance policy

General
Cover
Claims
policy

What do you mean by bill of lading?

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