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Marine & Transit Insurance in Faridabad

Protect your cargo against damage, theft, and accidents during transit. Tailored Inland and International Marine Insurance policies for manufacturers, exporters, and logistics companies in Haryana.

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What is Marine Insurance and Why Do Shippers Need It?

There is a massive misconception in the logistics industry: “If my truck is insured, my goods are insured.” This is false. A standard commercial vehicle policy only covers the truck. If that truck overturns on the highway, catching fire and destroying ₹50 Lakhs worth of your inventory, your vehicle insurance will not pay a single rupee for the ruined cargo.

A Marine Insurance Policy (often called Transit or Cargo Insurance) is specifically designed to cover the loss or damage of ships, cargo, terminals, and any transport by which goods are transferred, acquired, or held between the point of origin and the final destination.

Key Perils Covered During Transit

  • Accidental Damage: Covers goods damaged due to the collision or overturning of the transport vehicle.
  • Fire & Explosions: Reimburses the cost of inventory destroyed by fire during transit.
  • Natural Calamities: Protection against earthquakes, floods, and storms while the cargo is en route.
  • Theft & Pilferage: Covers losses resulting from the hijacking of trucks or theft of goods from containers.

Transit Insurance Solutions for Every Supply Chain

Specific Voyage Policy

Ideal for businesses that do not ship frequently. This policy provides comprehensive coverage for a single, specific consignment from the starting warehouse in Faridabad to its final destination, anywhere in India or abroad.

Marine Open Policy

The best choice for continuous manufacturers and active logistics companies. Instead of buying a policy for every single truck, an Open Policy covers all your shipments automatically over a 12-month period based on your declared annual turnover.

Export & Import Insurance

Operating out of Faridabad’s export zones? We provide international marine cargo insurance covering air and sea freight. Protect your global supply chain against piracy, sinking, and port-handling damages.

Protect Your Supply Chain with Nutesh Attri

In the fast-paced world of logistics, delays are expensive. When a shipment is damaged en route, you need an insurance partner who acts instantly to minimize supply chain disruptions. Faridabad Insurance Wala understands the intricacies of e-way bills, LR (Lorry Receipts), and commercial invoices. We ensure your policies are drafted flawlessly and your transit claims are surveyed and settled at record speed.

Consult Our Transit Experts

Frequently Asked Questions

Does commercial vehicle insurance cover the goods I am transporting?
No. Commercial vehicle insurance (motor insurance) only covers damages to the vehicle itself and third-party liabilities. It completely excludes the cargo inside. To protect the goods, you must purchase a separate Marine/Transit Insurance policy.
Are loading and unloading of goods covered?
Basic transit policies cover the goods only while the vehicle is in motion. However, we highly recommend adding a “Loading and Unloading” extension, which covers damages that frequently occur while goods are being lifted by cranes or forklifts onto the truck.
What is an Inland Transit Policy?
An Inland Transit Policy provides coverage for goods that are transported exclusively within the domestic borders of India via road, rail, or domestic air freight. It does not cover international sea or air shipments.
How is the premium calculated for a Marine Open Policy?
For an Open Policy, the premium is calculated based on your estimated annual turnover (the total value of goods you plan to ship over the year), the nature of the goods (e.g., fragile electronics vs. heavy steel), and the typical routes/modes of transport used.