Marine Cargo Claims

Marine Cargo Claims

marine cargo claims

Marine cargo claims are incredibly common because you never know what might be happening to your materials when they are in transit across an ocean. Without the proper insurance policy in place, you could lose money as a result of something that was not even your fault. There are a wide variety of reasons why you should get this type of insurance, and many of them are discussed below.

Natural Disasters

The sea can be a treacherous place, and cargo on a ship could become damaged as a result of harsh waves or lightning. It is also possible that a storm could cause some items to fall overboard and be lost forever. Getting items insured beforehand can save you a ton of money in the long term.

Other Reasons

Storms at sea are just one of the reasons why you should think about insuring cargo. Other good reasons include:

  • Collision
  • Theft
  • Rough handling
  • Non-delivery jettison

That last point refers to the act of purposely eliminating some cargo in order to stabilize a ship. It is occasionally a necessary action in order to keep the boat afloat.

If something happens to your goods, then you should be able to file marine cargo claims. You should never put yourself in a situation where you risk losing goods without having a way to recover the costs in case something happens.