Marine Insurance

Marine insurance offers coverage in case of damage or loss of cargo, ships, terminals, and any transport by which any property is acquired, transferred or held between the point of origin and its destination.

Marine insurance covers property exposed either onshore and/or offshore, marine casualty, marine liability, and hull damages.

In case goods are transported using a courier service, shipping insurance can be purchased.

KR Insurance Services offers unique products with the sole intention of safeguarding your cargo whether in the sea, over land or in the air.

KR Insurance Services have  access to the resources and in-depth expertise necessary to handle all types of types of account, however complex, and to offer a service – from risk assessment through to claims support –which ensures that whatever the size of your client’s operation, they can be sure of receiving the high level of personal service that their individual requirements demand.

We can cater for all aspects of marine insurance:

  • Cargo
  • Fine Arts
  • Hull and Machinery
  • Loss of  Hire
  • Protection  and Indemnity
  • Marine Liability
  • Ransom /Piracy
  • Breakup Voyages

KR Insurance Services has a unique risk management services which provides consultancy for vessel selection, warehousing and packaging. We are also providing route surveys on case to case basis. We have emergency helplines operating 24x7, assuring best claim settlement services to our clients.

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Why KR Insurance Services ?

  • Lowest Quotations
  • Prompt Claim Services
  • Wide Quote Comparisons
  • Best Insurance Industry Practices

Main Cover / Marine Insurance

KR Insurance products go beyond the standard coverage and provide a free of cost, one of a kind combination in the form of over 30 cover extensions.

  1. Fire or explosion, stranding, sinking etc. - can’t predict these situations in advance. Fire or explosion, sinking, stranding are common issues faced during a cargo journey. A marine insurance plan is formulated to take care of such dire situations.
  2. Collision, overturning or derailment of land conveyance - Sometimes, no matter how hard the captain tries, he can’t take control of unfavorable damage causing situations. Having a marine insurance plan neutralizes the risk of damages caused by collision, overturning or derailment of land conveyance.
  3. Discharge of cargo at port of distress - a cargo is a discharged from a port of disturbance or distress, it threatens the safety of the cargo. This is the reason why it is included in the basic insurance coverage.
  4. General average sacrifice salvage charges - marine insurance plan provides coverage for general average sacrifice salvage charges.
  5. Expenses such as survey fees, forwarding expenses, reconditioning costs and sue charges - These expenses are unexpected at times which leaves you with little time to pay for these expenses. This is why having a marine insurance plan is of great help.
  6. Jettison or washing overboard - Situations of jettison and washing overboard are included in a marine insurance plan.
  7. Earthquake or lightning - marine insurance plan provides you coverage from natural calamities such as earthquake or lightning.
  8. Total loss of package lost overboard or dropped in loading or unloading - No matter how irksome a package loss can be, every time you can’t create a foolproof plan to prevent this situation when your package is being transported in a cargo. This is why it is included in a basic marine insurance plan.

Key Benefits

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