Are There Hidden Exclusions In Marine Insurance Policies? Are you aware of the common exclusions found in marine insurance policies and how they might affect your vessel or cargo? In this video, we explain the key points to consider when reviewing your marine insurance coverage. You’ll learn about typical exclusions such as damage caused by wear and tear, corrosion, misconduct, negligence, pre-existing issues, and risks related to war or civil unrest. We also cover specific clauses like the concealed damage clause and explain why thorough inspection and proper maintenance are essential. Understanding these exclusions helps prevent surprises when filing claims and ensures you select the right coverage for your maritime operations. Additionally, we discuss how to work with insurance professionals to customize policies and add endorsements for special risks. Whether you’re a ship owner, cargo manager, or involved in maritime logistics, knowing what is and isn’t covered can save you time and money. Watch this video to get a clear understanding of marine insurance exclusions, and learn how to avoid coverage gaps. Stay informed and protect your assets effectively by knowing these important details.
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