Marine insurance is a reference to coverage provided to the loss or any damage to ships, to cargo that is being carried and to the terminals at where they are being dropped. This kind of coverage also covers the cargo and transport from one point to another on the sea. There are four different kinds of marine insurance.

The first is called hull insurance and the coverage is over the vessel itself and all the equipment it contains. This can range from furniture and fittings to all the machinery as well as the tools and the fuel that is used as pull. This is put in place by the owner of the boat. The next kind is cargo insurance. This is a reference to coverage of the goods or the cargo that the ship holds and any personal belongings of the crew or passengers that is aboard.

Another form in marine insurance is freight insurance is one where you get protection from loss of freight. In most cases the owner is the one who is liable for freight and is bound to pay for it according to the terms of the contract. This is when the goods are to be delivered to a port of destination. Freight insurance takes care of things if the ship is lost, hijacked or the goods are destroyed. And the final category in the list is liability insurance. This is the insurance that is taken out to protect the insurer from any loss that he may be liable for when a third party is involved. This could be the result of a ship collision or any other such hazardous events.

There are several other aspects of marine insurance as well. There are a few sub-types such as that of marine cargo insurance or business insurance or even that of personal watercraft insurance. This last one is a reference to individual watercraft insurance where the mode of transport is used in a non-commercial capacity. This kind of insurance is quite similar to that of cars and land transport. This liability in terms of coverage is for bodily harm to those who occupy the craft and for any others who may be present. As a exclusive rider, you can also include medical charges as well. You can also get uninsured vehicle coverage in the case of you being hit by a boat which then high-tailed it. This insurance is also inclusive salvaging what is left of your boat and towing it to a repair yard or safe place.

Welcome to American marine insurance, We are the leading sailboat insurance providers across nationwide and around the world. American Marine Insurance bring over 35 years marine experience ranging from private pleasure yachts to houseboat insurance to long distance extended navigation. The most important assets of American Marine Insurance are each and every client we insure. Servicing our customer base is our primary purpose and each of our agents and our customer service staff are dedicated to that principle.

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