General insurance Marine insurance and its benefit

The general importance or insurance and it's numerous benefits cannot be overemphasized. Insurance serves as a form of indemnity for the occurrence of an uncertain event. This indemnity gives the client or purchaser of an insurance policy or plan a leverage to stand on in times of those occurrence.
There are different types of insurance policy or plan which cuts across every area of our lives and existence, this kind of policy include life insurance, health insurance, land insurance, fire insurance ,even marine insurance and so on.
Marine insurance is a kind of insurance policy that covers for any loss , disasters or damages at sea. This insurance serve of great benefit to those are marine inclined and gets most of their incomes from activities at sea. The insurance policy still cut across ships wrecks or even loss of goods during transportation at sea.

It will be foolhardy for some people that are into marine business not to have marine insurance. There are some instances that always warrant having this. There is problem of pyrate. There is capsizing of ships and even delay before the ship reaches its shore. All these make it unavoidable.

I think they actually do cover every cost that would take place in the sea , but it's Best to find a better insurance company that would cover for such risk and a more better premium fee you would pay , but I don't know if they cover incase of any natural disasters like windstorm

Marine insurance is one of the expensive insurance policies but it is worth it. There are different types of this insurance. There is one that only covers for the cargo and not the ship. We have one that covers for the journey embarked on by the ship while we have one that covers any wreckage that happens to the ship.

marine insurance is definitely very important for people that is really important for the sea because it can go a long way in helping them recover their losses in cases where there are accidents in the sea as the case may be. These kinds of insurance is very important for importers and exporters.

Truth be told I did not know this about marine insurance until I went through your post. But what I really do not understand is that, could anyone who is not a marine or related to it purchase this, or it is just categorically meant for only them because I really want to know

Mandy96 said:

Truth be told I did not know this about marine insurance until I went through your post. But what I really do not understand is that, could anyone who is not a marine or related to it purchase this, or it is just categorically meant for only them because I really want to know

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We are all here to learn and knowledge can come from anywhere and anybody. Any insurance to be bought must related to what the purchasers do. For instance, it is better for someone into gas and petrol business to have insurance policy that will be under fire to prevent any risk that may occur.

If your work is working under the sea as a marine worker then there is no reason why you should not have a marine insurance plan or policy.There are many benefits and advantages it entails.such person will be secured for any damage that may arise if anything go wrong while working under the sea.it will be of great interest to the person.