What does Marine Cargo Insurance mean? Read on to discover the definition & meaning of the term Marine Cargo Insurance - to help you better understand the language used in insurance policies.
Marine Cargo Insurance
A marine cargo insurance (also known as a voyage policy) refers to a marine policy that covers the goods transported by a sea vessel. It does not cover the vessel itself, although the insurer evaluates the vessel and the crew for safety and competence, respectively, before issuing such a policy.
We hope the you have a better understanding of the meaning of Marine Cargo Insurance.