All-Risk Marine Insurance
Shipping vehicles by sea carries its own risks. We offer marine insurance coverage options from licensed insurers for your peace of mind.
Full Protection All-Risk Coverage Mandatory Inclusion
Basic Coverage (Standard)
Total Loss Only
Usually included in the basic package. Only covers the vehicle if it is completely destroyed (ship sinking/fire).
- Ship Sinking / Capsizing
- Major Fire on the Ship
- Minor Scratches & Dents
- Loss of Accessories
RECOMMENDED
Comprehensive Coverage
All-Risk Coverage
Additional coverage with a premium (around 1.5% - 2.0% of the car's value). Covers physical damage during transit.
- All Total Loss Benefits
- Physical Damage (Dents/Breakage)
- Broken Glass During Transit
- Vehicle Theft
What is NOT Covered?
Even if you take out All-Risk insurance, there are standard exclusions (exclusion clause) in the marine policy:
- Personal Belongings: Any items (clothes, bags, electronics) left in the car are at your own risk. The insurance does not cover the loss of personal belongings.
- Mechanical Damage: Damage to the engine, gearbox or battery that is not caused by an external accident is not covered.
- Pre-existing Defects: Damage (scratches/dents) already recorded in the inspection form (Vehicle Condition Report) before handover.
How the Premium is Calculated
The All-Risk premium is calculated based on the Sum Insured (the vehicle's current market value).
Formula: (Car Value + Shipping Cost) x Premium Rate (1.5% - 2.0%)
