Marine Insurance covers the loss or damage of ships, cargo, terminals, and any transport or property by which cargo is transferred, acquired, or held between the points of origin and final destination.
Cargo insurance--discussed here--is a sub-branch of marine insurance, though Marine also includes Onshore and Offshore exposed property (container terminals, ports, oil platforms, pipelines); Hull; Marine Casualty; and Marine Liability.
When searching for boat insurance, you may be overwhelmed when you find that there are many different types of boat insurance policies available. In general, insurance companies only offer one general watercraft liability coverage policy; some others may offer additional coverage that you are able to purchase.
Buying a secondhand boat has its pitfalls. To help you protect your legal rights and be aware of some of the common issues Noble Marine have produced this guide to buying a boat. Please note that we have only addressed the legal aspects of the subject and advise that you should also satisfy yourself that the boat is seaworthy...
Buying a secondhand boat has its pitfalls. To help you protect your legal rights and be aware of some of the common issues Noble Marine have produced this guide to buying a boat. Please note that we have only addressed the legal aspects of the subject and advise that you should also satisfy yourself that the boat is seaworthy..
In general, insurance companies will offer a boat owner a standard Watercraft Liability policy. Some insurance companies offer optional coverage at an additional fee. As with purchasing a new car, if your boat has been financed, the finance company will probably insist on mandatory boat insurance that may not be covered...
Nice article explaining the basics of boat or marine insurance, and the top ten factors that go into setting boat insurance premiums. Good article if you want a boat.
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