A Quick Primer on Marine Cargo Insurance Coverage

Marine Cargo Insurance Policies protect businesses from losses or damages to goods during international transportation by sea, air, or land. Even with a valid marine cargo policy, many claims are denied by insurance companies, leaving businesses with significant losses.

Insurance providers often deny claims due to policy exclusions, delays in notification, or allegations of inadequate packaging. Fun fact though, insurance companies are required to act honestly and fairly when processing claims. A denial without a valid reason can result in serious legal consequences for the insurer.

You have legal options if your claim is denied. Denials can be challenged, and you may still be entitled to compensation.