Required Document of Marine Insurance

Marine insurance underwriting requires knowledge of how trade both domestic and international is conducted. Some specific documents such as open covers and Marine Policy should be properly understood for Marine Insurance.


Valuation by Services in Marine Loss

The valuation by services removes the defects of memorandum clause which is used to free certain commodities from particular average and in the case of other commodities the damage has to amount to at least 5 per cent to become recoverable.


How Warranties works in Marine Insurance

A warranty is that by which the assured undertakes that some particular thing shall or shall not be done, or that some conditions shall be fulfilled or whereby he affirms or negatives the existence of a particular state of facts.


Various Types of Marine Insurance Policies

Marine insurance policy is issued only when the contract has been finalized and it would be legal documents of evidence of the contract. There are various types of marine policies