Discover Our Specialized Marine Insurance Solutions
Marine Insurance Cover is essential for :
- Ship owners and operators, yacht owners, boat owners, and enthusiasts: Marine Insurance Cover helps protect shipowners and operators from financial losses due to damage or loss of their vessels, including hull damage, machinery breakdown, and collision
- Cargo shippers, and traders: Marine Insurance Cover safeguards cargo owners and shippers against potential losses or damages to their goods during transit, including risks such as theft, fire, natural disasters, and accidents.
- Hauliers and Freight Forwarders: Marine Liability Policies cover the liabilities incurred by Hauliers and Freight Forwarders arising from maritime operations
Protect Your Maritime Investments :
Explore the Extensive Coverage of Our Marine Insurance Policies
- Hull and Machinery
- Cargo/ Freight
- War and Piracy Risks
- Removal of Debris
- Repacking costs
- Sue and labour
- Warehouse to Warehouse Extension
- Loading and unloading Risk
Understand the Exclusions of your Marine Insurance policy
Wear and tear
In marine insurance, wear and tear is generally considered a normal and expected occurrence that is not covered. Marine insurance policies typically exclude coverage for damages resulting from gradual deterioration, aging, or mechanical breakdown due to normal usage.
Delay or loss of market
In marine insurance, delays or loss of market are usually not covered.
Any loss or damage resulting from the transportation of illegal substances, prohibited goods, or contraband would not be covered.
In general, marine insurance policies tend to exclude coverage for damages or losses resulting from nuclear hazards. This means that if a marine vessel or its cargo is affected by a nuclear incident, such as radiation contamination or explosions, the insurance policy may not provide compensation for those specific damages.
Insolvency and liquidation
In general, marine insurance policies often exclude coverage for insolvency and liquidation-related risks. This means that if the insured party, such as the shipowner or cargo owner, becomes insolvent or goes into liquidation, resulting financial losses may not be covered by the policy.
Cruise through our wave-making customer stories!
Im extremely satisfied with the services provided by Gargash Insurance. Special thanks to Mohammed Arshad 👍1 Review 2 months ago- Nowshad km
I was so pleased with the service I received from Irfan Ahmed, Thank you Irfan :)1 Review 2 months ago- Hiba Abu-Shamat
Very well organized and motivated team. Payment system, policy issuance and customer support process are excellent. Highly recommend.1 Review 2 months ago- Jay Dvivedi
The quickest and the fastest service provided. Meet Saba she’s awesome in providing timely support. Made my Golden visa with such ease. A must visit to get the job done fast.1 Review 2 months ago- Sameer Mansoori
Trusted &reputable company. I'm their costumer since more than 12 years, very happy with service they provide. Would like to thank Ms. Sreedevi Sasikumar for her support and efforts to finalize the policy with best offer.1 Review 2 months ago- Wael Soliman
As usual, I received prompt and courteous service from Melvin and Altaf. I have no hesitation in recommending Gargash Insurance Services.1 Review 2 months ago- Ajit Gulati
Gargash insurance services are very good and Jyothi agent was very helpful in giving all the relevant information.1 Review 2 months ago- Bharathi Balijepalli
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Frequently Asked Questions
Marine insurance coverage is not a mandatory requirement for maritime businesses in the UAE. However, purchasing marine insurance will ensure to protect your company from financial liabilities and damage to goods.
The process of submitting a claim involves reporting the incident or sending a ‘Notice of Loss’ to the responsible parties. The next step is reporting the claim and document submission, following which the loss and damage incurred will be assessed.
Marine Insurance is a type of insurance policy that provides coverage for loss or damage to ships, cargo, terminals, and any transport-related property or activities.
Marine Insurance policies can vary, but they generally cover loss or damage to the vessel, cargo, or other property being transported. They may also cover liability for damage to third-party property, personal injury, or pollution caused by the vessel.
Marine Insurance is typically required for businesses involved in shipping, transportation, and logistics. However, it can also be useful for individuals who own boats or yachts.
There are several types of Marine Insurance policies, including Hull Insurance, Cargo Insurance, Protection and Indemnity (P&I) Insurance, Pleasure Craft, Marine Liabilities including Hauliers Liability, Freight Forwarder’s Liability etc.
The cost of Marine Insurance can vary depending on several factors, such as the value of the vessel or cargo, the route and destination, and the level of coverage required.
You can purchase Marine Insurance from insurance providers in the UAE. It's recommended to compare policies and prices from different providers before making a decision.
When buying Marine Insurance, you should consider the level of coverage required, the reputation of the insurance provider, and the exclusions and limitations of the policy.
If you need to make a claim, you should contact your insurance broker as soon as possible and provide all the necessary information and documentation. The provider will then investigate the claim and determine if it's covered under your policy.