To put it simply, marine insurance covers up the financial losses due to damage to a ship, cargo or property from the place of departure till destination. It is a kind of short term or mini insurance. Marine insurance is generally availed by those business men whose goods are shipped from one place to another. It gives them great sense of security that in case of any mishap such as fall of containers, collision of vessels or bad weather conditions, their loss will be covered by the marine insurance company.
Marine insurance is further classified in to marine commercial insurance, marine cargo insurance and watercraft insurance. To take one case in point, marine watercraft insurance covers property loss as well as provides individual protection to those in watercraft. Some marine insurance policies also provide medical coverage to the occupants in case of any bodily injuries acquired due to marine accident. But, it is part of separate marine insurance policy.
There are various companies that offer cheap marine insurance policies. You can also get online marine insurance quotes and then choose one that best meets your needs insurance needs and budget. It is better to understand all the particulars of commercial insurance policy in order to get the maximum coverage. One such company that provides the best insurance policies is www.peterbestinsurance.co.uk . It offers marine insurance, Classic Car Insurance, travel insurance, commercial insurance, household insurance and lot more at competitive rates. For more information, visit the company website.
Classic Insurance Information 