About
TATA AIG Marine and Cargo Insurance is a specialized insurance product designed to provide coverage for goods in transit, whether by sea, air, road, or rail. Here are some key features and benefits of TATA AIG Marine and Cargo Insurance:
Coverage for Goods in Transit: TATA AIG Marine and Cargo Insurance provides coverage for goods being transported domestically or internationally against various risks and perils, including damage, loss, theft, and destruction during transit.
Multiple Modes of Transportation: The policy covers goods in transit across different modes of transportation, including sea freight, air freight, road transport, and rail transport, ensuring comprehensive protection regardless of the transportation method used.
Comprehensive Coverage: TATA AIG Marine and Cargo Insurance offers comprehensive coverage for all types of cargo, including general cargo, perishable goods, hazardous materials, project cargo, and high-value cargo, ensuring that policyholders are adequately protected against a wide range of risks.
All-Risk Coverage: The policy typically provides all-risk coverage, which means that it covers most types of physical loss or damage to the insured cargo, subject to certain exclusions and conditions specified in the policy.
Warehouse-to-Warehouse Coverage: TATA AIG Marine and Cargo Insurance may offer warehouse-to-warehouse coverage, which means that it covers the cargo from the time it leaves the seller's warehouse until it reaches the buyer's warehouse, providing end-to-end protection during the entire transit journey.
Customizable Coverage: Policyholders have the option to customize their coverage based on their specific cargo transportation needs, including selecting coverage limits, deductibles, and additional coverages such as delay in start-up, loss of profits, and storage extension, among others.
Risk Management Services: TATA AIG may offer risk management services to help policyholders identify, assess, and mitigate various risks associated with cargo transportation, including route planning, packaging recommendations, loss prevention measures, and claims management support.
Quick Claim Settlement: TATA AIG aims to provide prompt and efficient claim settlement services, ensuring that policyholders receive timely compensation for their cargo-related losses, minimizing disruption to their business operations and financial stability.
Overall, TATA AIG Marine and Cargo Insurance offer comprehensive coverage, customizable options, risk management support, and quick claim settlement services to help businesses protect their valuable cargo and mitigate the financial risks associated with goods in transit.