Marine Insurance for Electronics & White Goods
Since the online shopping has become a trend, majority of consumers have started purchasing electronic items and white goods online. When they order any such items, the companies have to transport it from different cities and sometimes from different countries as well. When it comes down to transportation of these goods from one place to another, marine insurance policy steps in as it provides coverage from any unforeseen loss or damage caused during the transportation of those goods.

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Importance of Marine Insurance for Electronics & White Goods
It is important for the manufacturers of the electronic items and white goods to purchase marine insurance policy. It is because until and unless the item reaches the buyer’s house, any loss or damage caused will have to be borne by the manufacturer. If the goods are covered under the marine insurance policy then any loss or damage caused will be indemnified by the insurer.
Coverage under Marine Insurance Electronics & White Goods
Marine insurance for electronics and white goods provide coverage for the following perils:
- Any loss or damage caused due to fire
- Loss or damage caused due to explosion while transportation
- Loss or damage caused due to derailment of land conveyance, overturning or sinking
- If the cargo leave a port of distress that causes any kind of damage to the goods
- Jettison and washing overboard
- Total loss of package while loading/unloading of the goods
- Total loss of package while overboard
- General average sacrifice salvage charges
Exclusions under Marine Insurance for Electronics & White Goods
Marine insurance for electronics and white goods does not provide cover for the following perils:
- Intentional loss or damage
- Bad packaging quality leading to damage of the packaged goods
- Loss of Liquidation, collapse of finances and bankruptcy
- Loss due to insolvency
- Regular wear and tear of electronic item and white goods
- Loss or damage caused to the goods in case of riots, strikes, war, etc.
Claiming Process for Marine Insurance for Electronic & White Goods
Here is the claiming process. Have a look:
- Inform the insurer about the caused damage. If the insured cannot inform the insurer then anyone can inform the insurer on behalf of insured
- If any of the electronic or white goods get damaged severely during the delivery then the insured can get a survey done and lodge a monetary claim
- If any of the electronic item or white goods go missing then the insured can file an FIR as the insurer might ask for it at the time of raising a claim
Marine Insurance for Electronics & White Goods: Documents Required
Following documents are required to submit along with the claim form:
- Insurance policy copy
- Survey report
- Claim bill
- Bill Lading copy
- Documents copy that were exchanged with carrier
- Shipping specification
- Original Invoice