Ocean marine cargo insurance is a type of insurance that protects businesses and individuals from financial losses caused by damage or loss of cargo during transportation by sea. This type of insurance can be essential for businesses that rely on shipping goods internationally, as well as for individuals who are shipping valuable items. 
What is Covered by Ocean Marine Cargo Insurance?
Ocean marine cargo insurance typically covers a wide range of risks, including:
• Damage to cargo: This includes damage caused by fire, water, theft, or other accidents.
• Loss of cargo: This includes loss caused by sinking, collision, or other incidents.
• Delay in delivery: This includes losses due to delays in delivery caused by weather, strikes, or other events.
What is Not Covered by Ocean Marine Cargo Insurance?
Ocean marine cargo insurance does not typically cover all risks associated with shipping goods. Some of the most common exclusions include:
• War and political risks: This includes damage or loss caused by war, civil unrest, or other political events.
• Natural disasters: This includes damage or loss caused by earthquakes, hurricanes, or other natural disasters.
• Consequential losses: This includes losses that are not directly caused by damage or loss of cargo, such as lost profits or business interruption.
How Much Does Ocean Marine Cargo Insurance Cost?
The cost of ocean marine cargo insurance varies depending on a number of factors, including the value of the cargo, the route of transportation, and the level of coverage desired. However, in general, ocean marine cargo insurance is relatively affordable.
Why is Ocean Marine Cargo Insurance Important?
Ocean marine cargo insurance is important for businesses and individuals who ship goods internationally. This type of insurance can help to protect businesses from financial losses caused by damage or loss of cargo, and it can also help to ensure that individuals receive compensation for lost or damaged goods.
How to Choose the Right Ocean Marine Cargo Insurance Policy
When choosing an ocean marine cargo insurance policy, it is important to consider the following factors:
• The value of the cargo: The value of the cargo will determine the level of coverage that is needed.
• The route of transportation: The route of transportation will affect the risk of damage or loss.
• The level of coverage desired: The level of coverage desired will determine the cost of the policy.
It is also important to compare policies from different insurers to find the best coverage at the best price.
Ocean marine cargo insurance is an important type of insurance for businesses and individuals who ship goods internationally. This type of insurance can help to protect businesses from financial losses caused by damage or loss of cargo, and it can also help to ensure that individuals receive compensation for lost or damaged goods.
If you are shipping goods internationally, it is important to consider ocean marine cargo insurance. Contact WELL Insurance today for a free, no obligation quote on your Ocean Marine Cargo Insurance.