Marine coverage covers the physical loss or damage of ships, cargo, terminals, and any shipping by way of which the assets is transferred, received, or held between the points of beginning and the final destination. cargo insurance is the sub-department of marine coverage though marine insurance additionally consists of onshore and offshore exposed property, (box terminals, ports, oil platforms, pipelines), hull, marine casualty, and marine legal responsibility. While items are transported by using mail or courier or associated submit, shipping insurance is used instead.
This unique insurance plan covers high value items including jewelry and cash. Jewelry needs special protection not just because of its high intrinsic value but because of the sentimental attachment. Women so often have with their ornaments. Accordingly Home Secure Plan is designed to cover jewelry in the following situation:
In a Specified Safe Deposit Locker
In Transit between Home and Locker (and vise versa)
Even while worn by Insured or Spouse in event of robbery, upto 25% of Total Value of Jewelry.