What is Marine Cargo Insurance?
Did you know that marine insurance is the oldest form of insurance? Marine cargo insurance can be traced back to the Phoenicians, the earliest known ocean traders. When a coverage dates back thousands of years, it is of little wonder that cargo insurance can be a confusing proposition. Viamar Scilla can offer insurance that will give you piece of mind to operate in a global economy. Your coverage can be designed to protect your cargo against total loss, fire, theft, damage, etc.
Viamar Scilla is committed to providing you with the solutions to keep your cargo safe, in the emerging worldwide marketplace.
What does Marine Cargo Insurance Cost?
There are a variety of coverage options available to meet your insurance needs. Pricing can range from 0.75% to 2.5% of the value insured, depending on your circumstances and the coverage options required. Other key factors are the goods insured, loss limits, deductible, country of origin, destination, packaging, containerization, loss experience, etc.
International Cargo Marine Insurance – Peace of Mind and Worry Free shipping:
Viamar Scilla can offer insurance that will give you piece of mind to operate in a global economy. Insurance is an important part of any international move and although every care is taken to insure all your belongings arrive safely it is advisable that Marine cargo Insurance coverage be taken.
Viamar Scilla Transport International is authorized to prepare Cargo Marine insurance Certificates through Lloyds of London specifically designed to insure household goods, personal effects ,motor vehicles and commercial cargo for all export and import shipments. Your coverage can be designed to protect your cargo against total loss, fire, theft, damage, etc.
Below are two different types of Insurance Coverage:
- Total Loss Coverage ( “C” Clause ): The premium is 1 % of the value of the goods with a minmun fee of $ 75 . This coverage is the basic insurance which covers you for physical loss or physical damage attributable to fire or explosion, vessel or craft being stranded, ground, sunk or capsized, overturning or derailment of land conveyance, collision or contact of vessel, craft or conveyance with any external object other than water, discharge of cargo at a port of distress or caused by:
General average sacrifice, jettison.
- All Risk Coverage ( “A” Clause): The premium fee is 2.5 % of the value of the goods with a minimum fee of $ 200 . This covers all goods that have been packed by us or our agents and includes loss, theft, damage and breakage. There is a deductible with All risk coverage which is bewteen $ 500 to $ 1500.
** If you have high value cargo please consult with us and we can provide you with the best Marine insuance rates in the industry **
Viamar Scilla is committed to providing you with the solutions to keep your cargo safe, in the emerging worldwide marketplace that is why we recommend purchasing Marine Cargo Insurance through us or through your own personal broker.
If you would like more information or have questions or concerns about purchasing Marine Cargo insurance please feel free to contact our staff and they will be glad to answer any questions or concerns that you may have.
**Please note that there are many more coverage’s and clauses that are involved with Marine insurance that we can not list them all. Please refer to the back of the policy for more details.**
Please feel free to contact us at :
Head Office :
Viamar Scilla Transport International Inc.
4000 Steeles Ave. West, Unit #9
L4L 4V9, Canada
Phone : 416-747-9774
Email : email@example.com or send a request quote