Types Of Marine Insurance PH
                     Types Of Marine 
Insurance PH 
 Today, many people have chosen to travel by the 
waterways. For some, it's a way of going on adventures. 
Businesses and agencies around the world use the 
Types Of waterways to make shipments while for some they are in 
the actual business of providing the vessels for the 
Marine waterways. Generally, marine insurance covers the loss or 
damage of ships, cargo, terminals, and any transport by 
Insurance which the property is transferred, acquired, or held 
between the points of origin and the destinations. Just like 
PH vehicle insurance, marine insurance is mandatory for all 
marine vessels that are used for commercial or 
transportation purposes. The following are the types of 
marine insurance PH. 
 The first type of marine insurance PH is cargo insurance. 
This type of marine insurance is used to ensure the cargo 
or goods contained in the ship and the personal 
Types Of belongings of the crew and passengers traveling on a 
commercial or transportation vessel. As such all the 
Marine passengers or the owner of the cargo are covered in case 
Insurance there is loss or damage of the cargo in case of a ship accident or the case of delay in the voyage or unloading. 
PH One thing about cargo insurance is that it has third-party liability coverage and additionally ensures or covers 
damage caused to the port, ship, or other transport forms 
such as accidents arising from hazardous cargo.
 Another type of marine insurance PH is freight 
insurance. This type of marine insurance is tailored to 
ensure merchant vessels’ corporations. As such, marine 
Types Of freight insurance provides cover against the loss of 
freight while at sea. An owner of certain cargo being 
Marine transported by sea usually pays for the freight within the 
Insurance confines of the insurance policy, only when the cargo has been safely delivered at the port of destination. This, 
PH therefore, means that if the vessel is lost in transit or if 
the cargo gets damaged or stolen while in transit then 
the shipping company loses the freight. This is where 
freight insurance comes in handy. 
Types Of 
Marine  For more information on the types of marine insurance 
Insurance PH, visit our website at https://ichoose.ph/home
PH