MARINE INSURANCE

MARINE CARGO INSURANCE

Marine Cargo Insurance provides indemnity for loss or damage to imported goods being conveyed by sea or air.

Features

Ship being stranded, grounded, sunk or capsized
Overturning or derailment of other land transport
Collision of the ship or other form of transport with any external object
General Average & Jettison
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Benefits

Protects you from footing the bill of loss/damage of goods in the cargo
Provides unlimited cover for third party property loss
Cover is warehouse to warehouse from the time the goods leave the seller to the place of storage at the final destination
Capital Express Indemnity Insurance Ltd. offers an annual open cargo policy which automatically insures your shipments on set terms, conditions and rate without the need to contact us each time.

MARINE HULL INSURANCE

Marine Hurl Insurance covers loss or damage to vessels, yachts and their machinery The hull is the structure of the vessel.

Features

Insured can select to protect vessel against all risks ( fire, damage caused by accident/collision)
Cost of repairs is paid if a claim occurs
Covers loss or damage to any other vessel or property on that vehicle during a collision with the insured vehicle
Cover applies even if collision is with a sister ship (same owners or management)

Benefits

Provides financial compensation for damage caused to vessel
Liability coverage protects you against third-party property damage and bodily injury claims
Covers piracy and violent theft of the vessel by persons from outside
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GOODS IN TRANSIT (GIT) ALL-RISK

This is an all risk policy which covers loss or damage to goods whilst in transit by road, rail or inland waters within the geographical limit of Nigeria. It covers collison, overturning, or fire to the conveying vehicle.

RESTRICTED COVER
This covers loss or damage from natural perils like fire, accidental collision impact, overturning of the conveying vehicle or theft following accidental collision, or overturning of the vehicle.

Features

The policy covers loss or damage caused by accidents or misfortune.
The coverage applies while the items are in transit as described in the schedule.
The coverage extends to the period while the items are being loaded or unloaded from a conveying vehicle.
The policy also covers items that are temporarily housed during the ordinary course of transit.

Benefits

Provides financial compensation for items lost in transit due to fire, explosion, accident and theft
Option for replacement of insured goods can be replaced if stolen
Covers damages to goods in transit arising from accidents
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