Marine Insurance for Household Items

People prefer purchasing things online however, it is the manufacturers and transportation business owners, who are aware of the risks while transporting the goods. Since the manufacturers are responsible for the goods until they get delivered, they are suggested to protect these goods with marine insurance policy.

Read more
marine

Get right expert advice

Hassle free policy

Speedy Claims

Fast-track your search with instant quotes from prominent insurers

Get ₹10 lakh cover
starting at ₹591/transit+

Step 1/2
Instant policy copy
All commodities available
Single transit and annual covers

Get ₹10 lakh cover starting at ₹591/transit+

Instant policy copy
All commodities available
Single transit and annual covers
secure-icon We don't spam
Get Updates on WhatsApp
Check Your Premium Now

Get ₹10 lakh cover
starting at ₹591/transit+

Step 2/2
Fast-track your search with instant quotes from prominent insurers
Expert advice

Buy right

Instant policy

Quick & Hassle free

Dedicated team

Speedy Claims

Importance of Marine Insurance for Household Items

It is important to purchase marine insurance policy for the manufacturers. Marine insurance for household goods provides coverage against unexpected loss or damage caused to the goods during the transportation from one place to another.

Coverage under Marine Insurance for Household Items

Marine insurance for household items provides coverage for the following:

  • Marine insurance for household items provides coverage to the insured against loss or damage caused to the goods due to road accident, fire, stranding, etc.
  • If the goods are being transported through sea then the damage caused due to sinking of ships is covered
  • Loss or damage caused due to collision, derailment of land conveyance during the transportation is covered
  • Jettison is covered
  • Washing overboard is covered
  • General average sacrifice salvage charges are covered
  • Total loss of package during the journey
  • Total loss of package during loading/unloading of the goods
  • Expenses incurred when the cargo leaves port of distress
Learn more about Marine Insurance

Exclusions under Marine Insurance for Household Items

Marine Insurance for Household Items does not provide coverage for the following:

  • Any loss or damage caused intentionally by the insured
  • Regular wear and tear of the household items will not be covered
  • Loss of insolvency will not be covered
  • Bad packaging that leads to damage of household goods during the transportation
  • Loss due to bankruptcy, liquidation or collapse of finances will not be covered
  • Loss or damage caused due to terrorist attack
  • Loss or damage caused during the war, riots or strikes are not covered
  • Loss incurred due to insolvency will not be covered

Claiming Process for Marine Insurance for Household Items

Follow the below mentioned claiming process to raise a claim:

  • Inform the insurance company about the loss or damage caused
  • If the insured cannot inform the insurer then anyone else on behalf of insured can do it
  • In case any of the household goods has been extremely damaged then the insured can get a survey done and lodge a monetary claim
  • In case the package goes missing then the insured can file an FIR for the missing package.
  • Insurer can ask for an FIR while processing the claim
  • Once the insurer finds everything in place, they will settle the claim within the specified period of time.

Marine Insurance for Household Items: Documents Required

Keep the following documents handy to submit along with the claim form to raise the claim:

  • Insurance policy copy
  • Survey report
  • Billing lading copy
  • Claim bill
  • Documents copy that were exchanged with the carrier
  • Invoice with shipping specification
Written By: PolicyBazaar - Updated: 10 June 2024

Marine Insurance Premium Calculator

Select Commodity

  • New machinery machine tools & spares in closed ISO containers
  • Solar panel
  • Machinery machine tools & spares duly packed/lashed
  • Electronic & white goods
  • New machinery machine tools & spares in closed ISO containers
  • Solar panel
  • Machinery machine tools & spares duly packed/lashed
  • Electronic & white goods
  • New machinery machine tools & spares in closed ISO containers
  • Solar panel
  • Machinery machine tools & spares duly packed/lashed
  • Electronic & white goods

Select Mode of Transport

  • Road
  • Air
  • Sea
  • Courier
  • Rail

Cover Amount Required

Enter value between 10 thousand to 10 crore

Calculate

Premium starts from

Great! Now Unlock Best Plans for You

No online plans found!

But, we have offline plans ready.
Connect with our advisor to explore more

Schedule a callback
Re-calculate

Now help your friend get Business Insurance

Your referral is greatly appreciated!

Our team will reach out to your friend soon to help with their business insurance requirements.

Marine Insurance Articles
Transit of goods through waterways involves high risks. Marine insurance plays a significant role in safeguarding...Read more
23 Nov 2022 by Policybazaar 7567 Views
When moving to a new home, safeguarding your household articles during transit is crucial. Transit insurance...Read more
27 Oct 2020 by Policybazaar 9813 Views
Warranties in marine insurance are referred to as assurances or promises by the policyholder about a certain act...Read more
20 Jul 2023 by Policybazaar 3563 Views
Marine insurance and its advantages cannot be ignored if you are in a shipping business or your business needs...Read more
19 Aug 2022 by Policybazaar 5545 Views
Marine insurance coverage is divided into two types. One is International Cargo Clause (ICC) and the second is the...Read more
13 Aug 2022 by Policybazaar 7276 Views
Within the transportation industry, where goods traverse vast...Read more
29 Apr 2024 by Policybazaar 272 Views
The accumulation clause in marine insurance is a crucial...Read more
05 Apr 2024 by Policybazaar 270 Views
Transporting goods across the vast expanse of oceans comes with...Read more
05 Apr 2024 by Policybazaar 476 Views
Shipping insurance for high-value items is crucial to mitigate...Read more
03 Apr 2024 by Policybazaar 249 Views
Intermediate storage in marine insurance plays a crucial role in...Read more
03 Apr 2024 by Policybazaar 285 Views
Policybazaar for Business - Marine Insurance - Customer Reviews
View all
4.3/5
Based on 114 reviews
4.3
out of 5
Based on 114 reviews
14 users
87 users
13 users
0 users
0 users
3.8 April 20, 2023
Anas
Great Experience
I recently purchased Marine insurance from Policybazaar for my shipping business and I must say I am thoroughly impressed with their service and coverage. From start to finish, the experience has been smooth and hassle-free.Thankyou.
Mizoram
4.3 April 03, 2023
Vaishnav
Provides Comprehensive Protection
When it comes to coverage, Marine insurance that i bought from PolicyBazaar has exceeded my expectations. It provides comprehensive protection for my cargo and vessels during transit, ensuring I can focus on my business operations with peace of mind. Thankyou.
Assam
4.3 March 17, 2023
Umang
Excellent Services
I highly recommend Marine insurance from PolicyBazaar website to anyone in the shipping or logistics industry. Their user-friendly website, comprehensive coverage, and excellent customer service make them stand out from the competition. With Policybazaar, I feel confident in navigating the high seas, knowing that my business is well-protected. Thank you, Policybazaar.
Chennai
4.3 February 28, 2023
Vishal
User Friendly Interface
The website's user-friendly interface made it easy to compare different plans and find the perfect fit for my business needs.Thanks
Gurugram
4.3 February 11, 2023
Parth
Prompt Services
I appreciate the transparency and honesty with which Policybazaar handled my claims. They were prompt in processing my claim and their claim settlement process was hassle-free.Thanks PolicyBazaar.
Noida
3.8 February 10, 2023
Rishabh
Exceeds Expectations
I recently had the pleasure of purchsing marine insurance from Policy bazaar website and I must say it has been an outstnding experience from start to finish. I am thrilled to share my positive customer review, as this truly exceeded my expectations. Thanks PB.
Jamshedpur
3.8 January 31, 2023
Arvind
Easy Navigation
The ease of navigating the Policy bazaar website and finding the right marine insurance policy was impressive. The website's user-friendly interface and intuitive design made it incredibly simple to compare various options, understand the coverage details and make an informed decision. I appreciated the transparency provided throughout the process. Thanks.
Ajmer
3.8 January 21, 2023
Vishal
Excellent Support
The customer service provided by Policy bazaar was decent. Their team was responsive, knowledgeable and went above and beyond to assist me at every step. Their professionalism and commitment to customer satisfaction were truly commendable.Thankyou.
Mumbai
4.3 January 11, 2023
Sanjeev Rathor
Efficient Process
When it came to claims processing, Policy bazaar demonstrated remarkable eficiency and effectivenes. I had an unfortunate incident during the coverage period and filing a claim was a breeze. The entire process was streamlined and their team guided me throuugh every necssary step, making it hassle-free. The promptness with which my claim was setled reflected their commitment to their customers' well-being and peace of mind. Thankyou.
Pune
3.8 January 01, 2023
Kunal
Comprehensive Coverage
I must mention the comprehensive coverage provided by the marine insurance policy I purchasd through Policy bazaar. It offered me the necesary protection and peace of mind. Thankyou PolicyBazaar.
Indore