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1/ marine. cargo insurance concern about goods consignments that travels by vessels from one country's ports to another country the insurance covers the goods during the sea travel against all risk with some exclusions that may related to the nature of the goods in questions and there are some fixed exclusions to all cargo insurance which been explained in the insurance policy .
Marine cargo insurance premium rate usually determined by the following :-
A) The extent of loss exposure regarding the goods insured.
B) The level of cover
C) Distance that cargo travel .
I can also add that marine cargo insurance covers goods that travels by air and / or land .
2/ Marine hull insurance policy cover the hull of the vessel itself besides machinery and increased value , the premium rate mainly determined by the age of vessel , construction , tonnage and the geographical area. I can also add that marine hull insurance policy is a separate one and differ than marine cargo insurance policy.
Kind regards
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