What is Ocean Marine Insurance?

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Ocean marine encompasses a variety of insurance coverages designed to protect merchandise, goods, workers, passengers, and crews aboard shipping vessels and cargo storage during marine transport domestically or abroad.
Ocean Marine Insurance refers to insurance that covers three property types: cargo, hull, freight plus liability from negligence.
Marine Insurance covers the loss or damage to ships, cargo or shipment, terminals, and any transport by which the goods are received, conveyed, and carried between the origin and the destination.
Cargo Insurance is marine insurance that specifically provides protection of loss or damage to cargo while in transit, not only on ocean transport but also on land transport.

As an importer/exporter, do you know what is the correct insurance, riders, deductibles, and amounts?
Call Mitchell Nelson at Monmouth Financial Services, Inc. at 732-660-1798 or 908-463-3668
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