Trading Country
Pakistan is the trading country. Large amount of businesses are linked with import and export and trading. Most of the cargo businesses are occur through marine logistics.
Capital Investment
Import and export needs large amount of investment. Importers and exporters transport things in a bulk quantity and for this huge capital is required. The safety during transit is the most mind shattering question.
Advantages of having Marine Insurance
There are a lot of advantages of having marine insurance which are enlisted below:
A person whose goods are in transit then he doesn’t need to worry for any type of loss.
Unfortunately, if any accident is occur during transit then take a deep breathe because insurance company will compensate.
The strongest benefit of having insurance is peaceful and relax mind without any stress of damage.
Marine insurance decrease the chances of risks and many threats.
Types of Marine Insurance
There are two types of insurance
Marine cargo insurance
Marine hull insurance
Losses
When you deal in big business then the chances of losses and misplacement is also increasing. Any point of deprivation results in a huge damage. So in reality no one can afford such substandard conditions.
Coverages
Marine insurance provides coverage’s both for the goods and also for the ships and other sources of transit.
The United Insurance Company of Pakistan Limited
The United Insurance Company of Pakistan Limited is one of the good company which deals in all products of general insurance. Marine insurance is the most appreciated product of UIC.
UIC Packages
The United Insurance Company of Pakistan Limited offers two features in one product:
Marine cargo
Marine hull insurance
The thing which makes The United Insurance Company of Pakistan Limited more superior is UIC’s client centric approach. The United Insurance Company of Pakistan Limited modifies its marine insurance policy according to the demand of the customers.
UIC Marine Cargo Insurance
This feature of marine insurance covers all the goods which are in transit.
UIC Marine Hull Insurance
Marine hull insurance covers the vessel structure of a marine which covers all the damages occurs to the ship body.
Protect your Goods
The basic reason of marine insurance is the safe and secure transportation from first point to the desired destination. Marine insurance can only do this and gives all around safety.
Safe Freight in
Marine insurance is the second name of safe freight in and in case of any emergency and accident, insurance company will compensate all the losses.
Briefly
Marine insurance assures 100% security for the cargo goods and for ship body. Insurance is mandatory step for every business which gives proper compensation in case of any accident and emergency. Marine insurance covers all the losses and damages in accident. So every cargo business must have true and genuine marine insurance policy.