دلتا-التأمين-البحري

Marine Insurance

Although it is called marine insurance, it includes coverage of the risks of physical loss or damage to goods and merchandise during their transportation by any means of land, air, or sea transportation or during their storage anywhere in the world.

There are three types of protection in this form of insurance: cargo insurance, ship or ship hull insurance, and cargo protection.

The value of marine insurance is determined based on the type of goods, their value, the nature of packaging, storage, and shipment route, as well as the number of annual shipments.

Why Delta Marine Insurance?

1

Specialized team of underwriters

2

Competitive and distinguished rates

3

Quick and hassle-free claims handling process

Importance of Marine Insurance

First: Protection from financial losses
Shipping of products is full of risks, thus insuring them gives financial protection in the case of an accident, allowing the insured to recoup their investments according to the terms and conditions agreed upon with Delta Insurance.

Second: Covering damages during transportation.
Marine cargo insurance protects goods that are being transported using various means if they are lost in transit due to unforeseen circumstances.

Third: An international trade legal requirement
Marine cargo insurance may be required by law in some situations, notably in international trade. Compliance with these standards can help ensure the safe and lawful transportation of products.

Fourth: Peace of mind for companies
It provides the policyholder with the assurance that their belongings are insured in case of loss or damage. This allows them to concentrate on their core business without having to worry about the cost implications of transporting items.

What makes Delta marine insurance products unique?

Delta Insurance has been able to offer unique marine insurance solutions to help its clients anticipate, defend against, and cope with these risks in today's world of many logistical changes. Delta has designed tailor-made solutions for each customer that follow the standard international transport insurance clauses, published by the Institute of London Underwriters' Cargo Terms, based on the following:

Clause (A): covers partial or total losses and damages to insured goods as a result of fire or explosion, stranding, overturning, collision, emergency unloading of goods in the port of refuge, earthquakes, general loss expenses, water leakage into the holds, dumping Goods at sea, the drift of goods at sea, theft, damage due to evaporation or heat, leakage, breakage, roughness.

Clause (B): covers losses and partial damages to the insured goods as a result of fire or explosion, stranding, overturning, collision, emergency unloading of goods in the port of refuge, earthquakes, general loss expenses, water leakage into the holds, dumping of goods in Sea, the drift of goods in the sea.

Clause (C): covers losses or damages to the insured goods resulting from fire or explosion, stranding, capsizing, or collision of the ship, throwing the goods into the sea, general loss expenses, emergency unloading of the goods in the port of refuge.

Did you know?

Delta Insurance does not exclude any type of goods from all over the world, except for those that have been excluded under international agreements.

Delta Marine Insurance Features

  • Mutual trust between the client and the work team
  • Long experience in underwriting all types of freight
  • Swift, easy, and flexible compensation procedures
  • Competitive pricing and terms and conditions
  • Certified team of experts in all types of marine insurance
  • Providing free consultations to all clients
     

Single shipment insurance policy

The customer selects a one-time contract to safeguard one shipment of goods moved from one location to another against various transportation hazards, according to the agreed-upon parameters.

Open insurance coverage

An open contract agreed by the firm for all commodities to be sent during a year that offers ongoing automatic insurance cover for all shipments sent by sea, air, or land by the stipulated terms.