When it comes to marine insurance, making an informed decision can be challenging. Reliable Insurance Brokers is here to simplify the process, offering expert guidance to help you choose the best marine insurance plans tailored to your needs. Our mission is to safeguard what matters most to you by providing trustworthy insurance solutions. This comprehensive guide will walk you through our marine insurance options, the benefits, inclusions, exclusions, procedures, and essential reminders to ensure you select the right coverage.
Here are quick links to the sections in this guide:
Benefits of Our Marine Insurance Plans
Choosing Reliable Insurance Brokers for your marine insurance needs offers numerous advantages that provide extensive protection and peace of mind:
Comprehensive Coverage: Our marine insurance plans offer extensive coverage, including risks associated with fire, explosion, stranding, sinking, collision, and more. We ensure your goods are protected against unforeseen incidents.
Extended Benefits: Coverage extends to include:
- Theft
- Piracy
- Malicious damage
- Natural calamities such as earthquakes and volcanic eruptions
Ease of Process: We simplify the insurance process, making it easy for you to understand your options and select the best plan. Our experts handle all the paperwork, ensuring a smooth and hassle-free experience.
Representation and Advocacy: We represent you to the insurers, advocating for your best interests. Our role extends beyond choosing the right coverage; we also manage your policy and provide ongoing support.
Emergency and Claims Assistance: As our valued client, you receive dedicated assistance during emergencies and claims. Our team is available to help you navigate the claims process and ensure you get the support you need when it matters most.
Support and Advocacy: We represent you to the insurers, advocating for your best interests and managing your policy with ongoing support.
Our Role as Your Trusted Partner
At Reliable Insurance Brokers, we understand that navigating the world of marine insurance can be overwhelming. We aim to simplify the process for you, ensuring you receive the best coverage tailored to your unique needs.
From the moment you reach out to us, our team of experts is dedicated to guiding you through every step. We start by understanding your requirements and providing personalized recommendations from our extensive range of insurance products offered by accredited providers. Once you have selected a plan, we handle all the necessary paperwork and ensure that your application is processed smoothly. Our commitment doesn't end there; we continue to support you by clarifying any doubts and making sure you understand your policy details thoroughly. Our seamless process ensures that you receive your insurance policy without hassle, allowing you to focus on what matters most – your peace of mind.
As your trusted partner, we are here to provide expert advice, negotiate the best deals, and offer ongoing support to help you make informed decisions about your marine insurance. With Reliable Insurance Brokers, you can rest assured that your coverage is in capable hands.
Marine Insurance Options
We offer a range of marine insurance options sourced from our network of accredited providers. Whether you're importing goods, exporting products, or transporting items inland, we assist you in navigating these options and customizing a plan that fits your specific needs. Our insurance options include:
- Importation Insurance: Covers all risks of loss or damage to goods during their transit from the point of origin to the destination. This includes fire, explosion, stranding, sinking, collision, discharge of cargo at the port of distress, natural calamities, theft, piracy, and malicious damage.
- Exportation Insurance: Similar to importation insurance, it covers goods being shipped from the origin to the final destination, protecting against fire, explosion, collision, piracy, and malicious damage.
- Inland Transit Insurance: Covers goods during transportation within the country by truck or other land vehicles, including loading and unloading operations. It provides protection from fire, accidental collision, overturning of the vehicle, natural calamities, robbery, and hijacking.
- Marine Open Policy: Automatically covers all shipments made by the assured coming within the terms and conditions of the policy. This type of policy ensures continuous coverage for all eligible shipments without needing to issue individual policies for each shipment.
Inclusions and Exclusions
When considering marine insurance, it's essential to understand what is included in your coverage and what is not. We offer marine insurance plans that provide extensive coverage to meet a variety of needs. However, there are also certain exclusions to be aware of. Below we detail the typical inclusions and exclusions in our marine insurance plans to help you make an informed decision.
Inclusions
- Fire or Explosion: Coverage for damage caused by fire or explosion.
- Stranding, Sinking, or Collision: Protection against incidents where the vessel strands, sinks, or collides with another object.
- Theft and Piracy: Coverage for loss due to theft or piracy.
- Malicious Damage: Protection against intentional damage caused by malicious acts.
- Natural Disasters: Coverage for damage caused by earthquakes, volcanic eruptions, and other natural calamities.
Exclusions
- Loss Due to Delay: Excludes coverage for losses resulting from delays in transit.
- Inherent Vice: Excludes coverage for damage due to inherent defects in the goods.
- War and Related Operations: Excludes damage caused by war, invasion, hostilities, or warlike operations.
- Strikes, Riots, and Civil Commotions: Excludes coverage for damage due to strikes, riots, and civil commotions.
- Insolvency of Vessel Operators: Excludes losses arising from the insolvency of the vessel's owners or operators.
- Ordinary Wear and Tear: Excludes coverage for damage due to normal wear and tear of the goods.
- Mechanical and Electrical Derangement: Excludes coverage for mechanical and electrical breakdowns not caused by insured perils.
Procedures for Application
Applying for marine insurance through Reliable Insurance Brokers is straightforward, with different methods to suit your preferences. Whether you're an individual or a business, we provide convenient options to get you started on securing your marine insurance coverage.
- For Businesses: Businesses can request to meet with a specialist to discuss their specific needs: Request for a Quote for Businesses.
- Set a Consultation with a Broker: Additionally, you can set an appointment with one of our brokers for personalized assistance: Book an Appointment.
Application Process:
By following these steps, you can secure the marine insurance coverage that best fits your needs with ease and confidence.
- Request a Quote or Consultation: Begin by selecting your desired insurance and requesting a quote or a specialist consultation. You can reach out to us online or book an appointment with one of our brokers. We will provide you with personalized recommendations and detailed insurance quotations, including coverage, premiums, deductibles, and other relevant details.
- Complete Your Application: Once you agree with the quotation, complete the application form and submit it along with any required documents. Our team will assist you in ensuring all paperwork is correctly filled out and submitted. Then, you will await the approval of your application and the issuance of your insurance policy.
- Receive Your Policy and Ongoing Support: Upon approval, you will receive your insurance policy along with a schedule of premium payments. Our team will guide you in making your payments through various options, such as post-dated checks (PDCs), bank deposits, or G-Cash. Once your policy is active, you can rely on us for ongoing support and assistance with any claims or emergencies.
For more detailed information, refer to the complete guide to our application process: The Complete Guide to the Reliable Application Process.
Procedures for Claims with Partner Providers
Understanding the claims process is crucial to ensure you receive the benefits you are entitled to under your marine insurance plan. We are committed to providing you with the support and guidance needed to navigate the claims process smoothly and efficiently.
Making a Claim:
- Report & Submit Online: Initiate your claim by accessing our Online Claim Form. Complete the form by providing all necessary details about the incident and your policy information.
- Documentation Support: A Policy and Account Manager (PAM) will be assigned to your case to help you gather and organize the required documentation.
- Complete Guide: Refer to the complete guide to our claims process for detailed steps and additional information: The Complete Guide to the Reliable Claims Process.
Required Documents:
- Claim Form: Fully completed claim form detailing the nature and extent of the loss or damage.
- Commercial Invoice: Original invoice showing the value of the goods.
- Packing List: Detailed list of items packed in the shipment.
- Bill of Lading or Airway Bill: Original document of carriage.
- Delivery Receipt: Proof of delivery and condition of goods upon receipt.
- Survey Report: If a surveyor is appointed, their report detailing the extent of the damage or loss.
- Police Report: In cases of theft, piracy, or malicious damage.
- Photographs: Visual evidence of the damage or loss.
- Repair Estimates or Invoices: Detailed repair costs if applicable.
- Correspondence: All communication regarding the claim.
Importation Insurance
- Certificate of Importation: Document proving the importation process.
- Customs Documents: Documents related to customs clearance.
Exportation Insurance
- Export Declaration: Document confirming the export of goods.
- Customs Documents: Documents related to customs clearance.
Inland Transit Insurance
- Transport Documents: Any specific transport documents such as waybills.
- Driver's Statement: Statement from the driver in case of accidents during inland transit.
- Vehicle Registration Documents: Proof that the vehicle used for transport is duly registered.
Process:
Submit all required documents to us for submission to the insurer for review and approval. Payment or reimbursement will be made according to policy terms.
Additional Provisions for Claims Settlement:
To ensure smooth and efficient claims processing, we have outlined specific provisions that need to be adhered to:
- Timely Reporting: Report any incident within three days that would require the assistance of the insurer to facilitate immediate claims service.
- Proper Documentation: Ensure that all documentation is complete and accurate for faster claims processing.
- Preservation of Evidence: Keep all damaged goods and evidence intact until the claim is settled.
- Communication: Maintain open communication with your Policy and Account Manager (PAM) to stay updated on the status of your claim.
Key Reminders for Policyholders
To make the most of your marine insurance plan and ensure continuous coverage, it's important to keep the following reminders in mind. These tips will help you manage your policy effectively and avoid any unexpected issues.
- Read Your Policy: Make sure to thoroughly read your policy documents to understand the specific claims procedures of your insurance provider. Procedures can vary significantly between different providers.
- Understand Coverage: Coverage is subject to policy terms and conditions, so be familiar with these to avoid surprises. Benefits and exclusions may vary based on the chosen plan, so choose the one that best fits your needs.
- Timely Premium Payments: Ensure your premiums are paid on time to avoid lapses in coverage and maintain your benefits.
- Emergency Contacts: Keep emergency contact numbers and policy details handy for quick access during emergencies.
- Keep Records: Maintain copies of all relevant documents and correspondence.
Accredited Marine Insurance Providers
Contact Information for Inquiries and Support
Should you have any questions or require further assistance in applying for marine insurance:
- Call: +63 2 8631 9285 to 86
- Mobile: +63 917 138 5120
- Email: info@reliable-insurance.ph and support@reliable-insurance.ph
- Messenger: m.me/reliable.insurancebrokersph
Selecting the right marine insurance plan is essential for your peace of mind and financial security. Reliable Insurance Brokers offers a variety of plans designed to meet diverse needs, ensuring comprehensive coverage and quality support. For more information or to get started, contact Reliable Insurance Brokers today.
Note
The coverage details provided in this guide are for informational purposes only and are subject to change. Reliable Insurance Brokers advises all clients to request a detailed proposal and thoroughly read and understand their insurance policy. Coverage terms and conditions may be updated or modified by our partner insurance companies, which may supersede the information contained in this guide. Additionally, because our offerings can be custom-fit to your specific needs, the details may vary from what is stated in this article. For the most accurate and up-to-date coverage details, and to understand how different providers might affect your policy, please contact us directly or refer to your policy documentation.
