Marine Open Declaration Insurance

What is Marine Open Declaration Insurance?

Marine Open Declaration Insurance provides flexible coverage for multiple shipments under a single policy framework. It allows businesses to declare shipments as they occur without the need for individual policy issuance for each cargo.

This insurance is ideal for regular importers, exporters, and trading companies who have frequent shipments and need continuous coverage. It offers convenience and cost-effectiveness for businesses with regular international trade operations.

Whether you're a trading company with multiple shipments or a manufacturer with regular exports, Marine Open Declaration Insurance provides seamless coverage for all your cargo transportation needs.

Marine Open Declaration Insurance

Flexible coverage for multiple shipments under a single policy framework with declaration-based coverage.

  • Coverage for multiple shipments under one policy
  • Declaration-based coverage system
  • Flexible cargo value limits
  • Coverage for various cargo types
  • Protection for regular trade operations
  • Coverage for multiple routes and destinations
  • Simplified policy management

Add-ons

  • War Risk Coverage
  • Strikes & Civil Commotion
  • Terrorism Coverage
  • Piracy Protection
  • Extended Warehouse Coverage
  • Transshipment Coverage
  • Container Coverage

Benefits

  • Cost-effective for regular shipments
  • Simplified policy management
  • Flexible declaration system
  • No individual policy for each shipment
  • Streamlined claims process
  • Comprehensive coverage options
  • Professional risk management
Marine Open Declaration Insurance

Why You Need Marine Open Declaration Insurance?

Marine open declaration insurance is essential for businesses with regular international trade operations. Here's why having comprehensive open declaration insurance is crucial:

Flexible Coverage

Declaration-based coverage system that allows you to insure multiple shipments under one policy with flexible cargo value limits.

Cost-Effective

Affordable coverage for regular shipments without the need for individual policies, providing significant cost savings for frequent traders.

Simplified Management

Streamlined policy management with single policy framework, simplified declarations, and centralized claims handling.

Benefits of Marine Open Declaration Insurance

Declaration-Based Coverage

Flexible coverage system where you declare shipments as they occur, providing coverage for multiple cargoes under one policy.

Cost-Effective Solution

Significant cost savings for regular traders with no need for individual policies for each shipment, providing better value for frequent operations.

Simplified Management

Single policy framework with streamlined declarations, centralized management, and simplified claims processing for all shipments.

Flexible Cargo Limits

Adjustable cargo value limits and coverage options that can be modified based on your trading patterns and business requirements.

Multiple Routes Coverage

Coverage for various routes and destinations under one policy, providing comprehensive protection for diverse trading operations.

Professional Support

Expert risk management and claims support with dedicated account managers for comprehensive marine insurance services.

Marine Open Declaration Insurance Add-ons

War Risk Coverage

Protection against war, civil war, revolution, and related perils that could affect multiple shipments and trading operations.

Strikes & Civil Commotion

Coverage for losses caused by strikes, riots, civil commotion, and labor disturbances that could impact multiple shipments.

Terrorism Coverage

Protection against acts of terrorism and politically motivated violence that could affect cargo during multiple shipments.

Extended Warehouse Coverage

Extended coverage for cargo stored in warehouses beyond normal transit periods for multiple shipment operations.

How to Buy/Renew Marine Open Declaration Insurance Online?

The process of buying or renewing Marine Open Declaration Insurance online is quite simple and easy. Here's how you can easily do it for your trading operations with us.

Get Quote

Provide trading details, expected shipment volumes, and coverage requirements to get instant quotes for open declaration policy.

Compare & Choose

Compare coverage options, premiums, and terms from different insurers to select the best open declaration policy.

Buy Policy

Complete the purchase process online with secure payment and receive your open declaration policy documents instantly.