Marine Insurance

Marine insurance covers the loss or damage of ships, cargo, terminals, and any transport by which the property is transferred, acquired, or held between the points of origin and the final destination.
Marine Insurance refers to where the insurer compensates the insured when the latter suffers from financial loss from marine perils against the premium paid by the insured to the insurer. It covers the loss of ship or the vessel as well as the goods or cargos which are being transported by land, air or water.