What is Marine Open Cover?
Get a blanket cover against loss or damage to all the goods you transport with a specific carrier, or by a specific shipper, during a stated period. With this policy, we charge premiums when the actual shipment is made. While the goods are being shipped, we require that you periodically provide us with the description, quantity and value of goods.
- We offer you flexible coverage options
- Our policy has negotiable insurance cover rates and you also get to inform us of the extent of cover you would like.
- We provide you with a worldwide claims survey and settlement assistance.
- The general description of the goods
- The countries or places to or from which the goods will be insured
- The maximum value payable under the policy
- How the goods will be valued
The insured is required to periodically provide the insurer with:
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If you want to get covered for the goods you transport, get in touch with us.
- Willful misconduct of the insured(the merchant)
- Ordinary leakage, loss in weight, wear and tear of goods
- Insufficient packing, inadequate storage in a container, inherent vice, or goods deterioration caused by delay
- Insolvency or financial default of the owners, managers and so on, of the vessel
- Loss or damage due to nuclear weapons/radiations
- Deductible/excess
- Loss due to unseaworthiness of the vessel
- Consequential loss
Some types of loss are not insured. The main exclusions are loss or damage caused by:
To discuss your Marine Insurance requirements, contact your broker, agent or call us directly on +254 0711 065 100 or email us at marine@uap-oldmutual.com.