What is Marine Cargo Insurance?

Marine insurance covers loss or damage to vessels, cargo, and other property during marine transportation, as well as liabilities from marine accidents like collisions or environmental damage. It can be customized for businesses like shipping companies or freight forwarders. Marine Cargo Insurance protects goods in transit via various modes, such as ocean vessels or trucks, by indemnifying against physical loss or damage due to insured risks. As an assignable document, its title can be transferred, meaning the policyholder isn't always the one entitled to claim in case of a covered loss.