ICICI Lombard Marine Insurance

ICICI Lombard Marine Insurance: Inclusions

The insurance plan provides coverage for the following:

The International Cargo Clause (ICC) is a type of insurance coverage that is specifically designed for international cargo transit. This clause provides two types of coverage, which are as follows:

• ICC A: This coverage protects cargo from damages during transit, except for those caused by rainwater.
• ICC B: Coverage for accidental damages only.

The Inland Transit Clause (ITC) is an insurance coverage that applies exclusively to transit within India. This clause offers two types of coverage:

• ITC A: This coverage protects against all types of damages except those caused by rainwater.
• ITC B: Coverage for accidental damages only.

It's important to note that to be eligible for marine/cargo insurance coverage under both ITC and ICC, the insured must have an insurable interest in the property.

ICICI Lombard Marine Insurance: Exclusions

The insurance policy does not provide coverage for the following:

• Loss or damage caused by willful misconduct or negligence during transit
• Damage to goods resulting from unsuitable packaging or insufficient preparation
• Loss caused by transportation delays
• Damage caused by radioactive nuclear waste
• Loss or damage caused during war or war-like situations
• Loss or damage resulting from strikes or riots
• Loss or damage caused by weapons of war, such as bombs or derelict mines
• Liability arising from the unfitness of the vessel, craft, or container.

ICICI Lombard Marine Insurance: Claim Process

Here are the steps that you can follow to raise a claim under marine insurance policy:

• Notify Insurer: Immediately inform the insurance company about the loss or damage that has occurred.
• Collect Evidence: Take pictures or videos of the damage as proof.
• Prepare Documents: Keep all the necessary documents, such as policy papers, receipts, and invoices, ready to submit along with the claim form.
• Fill out Claim Form: Request the insurer for the claim form and fill it out accurately, providing all relevant details.
• Inspection: An inspector will be sent by the insurer to assess the extent of the loss or damage, and the insured should cooperate with the inspector.
• Compensation: Once the inspection report is submitted, the insurer will start the compensation process and transfer the amount to the insured's bank account.

ICICI Lombard Marine Insurance: FAQs