What does Direct Covered mean? Read on to discover the definition & meaning of the term Direct Covered - to help you better understand the language used in insurance policies.
Marine insurance provision that a shipment is protected under a policy only if it follows a particular route and/or timeframe. In case the shipment deviates from that route and/or is delayed, the insurer must be immediately notified and additional premium paid to continue the cover. Also called held covered.
We hope the you have a better understanding of the meaning of Direct Covered.