Reasons You Need Marine Insurance PH For Your Next Journey
                     Reasons You Need 
Marine Insurance 
PH For Your Next 
Journey
Reasons You Need Marine Insurance PH For Your Next 
Journey
 If you are a business person in the Philippines and are ready for your next 
transportation of goods, you need to get marine insurance PH. If you are one of 
those people who think that purchasing marine insurance is an extra expense 
which you do not require, then it is the time to think again. Below are some of 
the important reasons of buying marine insurance before your next journey.
Reasons You Need Marine Insurance PH For Your Next 
Journey
 First of all, you need to purchase this insurance because cargo theft is on the rise. There has 
been a rise in cargo theft lately, especially through identity theft and fictitious pickups. For 
example, cargo theft is one of the main criminal activities in the Philippines which is costing 
an economy a loss of a lot of money every year. Then there are pirates’ thefts which are also 
one of the major risks of cargo theft as well as loss in the international shipping. As it is 
shown in the film Captain Phillips, pirate attacks are alive. The good news is that you have 
marine insurance, the insurance provider may compensate you for any loss or damage that 
may arise as a result of cargo theft. Many marine insurance companies offer add-on covers 
to    include losses or damages that may arise as a result of strike, riot and commotion.
Reasons You Need Marine Insurance PH For Your Next 
Journey
 Another important reason to purchase marine insurance PH is that your 
containers may get lost at sea. Each year, more and more containers are lost at 
sea. As per the World Shipping Council surveys in 2011, 2012 and 2013 
estimates, about733 containers were lost at sea on an average. Considering the 
dramatic rise in the number of shipping containers that are lost at sea every 
year, it is necessary to purchase a marine insurance before you start your next 
journey.
Reasons You Need Marine Insurance PH For Your Next 
Journey
 For more reasons to buy marine insurance PH, visit our website at 
https://ichoose.ph/
Reasons You Need Marine Insurance PH For Your Next 
Journey