Marine cargo insurance is an important decision when you are shipping or transporting goods to The Caribbean. Importers and exporters are exposed to financial losses if a shipment is lost or damaged in transit. Marine cargo may be damaged by an accident or a natural disaster at any of the points from origin to destination. You may think some cargo is less prone to damage; however, the risk of theft or damage from weather events still exists.
Offering ocean cargo insurance to The Caribbean underwritten directly by a reputable insurance company, Tropical Shipping is often appreciated as the best type of support for Caribbean shipping needs. Securing the coverage is easy, and in the unfortunate event of a loss, the claim process is fast and reliable.
Protect Your Cargo
- Coverage commences from the time goods leave the shipper and/or supplier’s place of business and continues in force during the ordinary and customary course of transit to the final destination.
- Cargo is protected against “All Risk” of physical loss or damage irrespective of percentage of loss.
- Insurance remains in force for fifteen (15) days after vessel discharge or upon delivery, whichever occurs first.
- Concealed damage must be reported within three (3) business days of delivery.
- Shortages must be reported within one (1) business day of delivery.
- There is no deductible.
Exclusions, Guidelines & Conditions
The Insuring with Seven Seas document contains the general exclusions, guidelines, conditions and exceptions.
Please keep in mind that proper packaging is a condition of cargo insurance to The Caribbean. Packages that are not properly prepared for export may be subject to a claim declination.
Cargo Claim Notification
We understand that gathering the necessary documents to support your claim can take time; however, it is extremely important that you provide prompt notification of the loss.
If your shipment was insured by Seven Seas, follow this link to submit a Claim Notification.
You may also send an email to claims@sevenseasins.com with the following information:
- Proof of insurance and the Bill of Lading number
- Date the loss was discovered
- Cargo description/Explanation of loss of damage
- Estimated $ amount of the claim
- Location of the damaged goods (when applicable)
- Your contact information
Once you are ready to submit your complete claim package, you may file your claim online.
About Seven Seas
Seven Seas Insurance Company has been offering marine cargo insurance since 1967. You can feel comfortable knowing that Seven Seas Insurance has received an A (Excellent) rating from AM Best, the leading provider of ratings on the worldwide insurance industry.
Seven Seas offers:
- Ocean Cargo Insurance
- Inland Cargo Insurance
- Air Cargo Insurance
- Efficient Claim Processing
- Competitive Rates
- 100% Assumption of Risk
- Customized Policies
You may contact Seven Seas Insurance directly at (561) 840-2955 or send an email to insuring@sevenseasins.com
Marine Cargo Insurance FAQ
What does marine cargo insurance cover?
Marine cargo insurance helps protect your shipment against physical loss or damage during the ordinary course of transit from the shipper or supplier to the final destination, subject to policy terms, conditions, and exclusions.
When does coverage begin and end?
Coverage begins when goods leave the shipper or supplier’s place of business and continues during the ordinary course of transit to the final destination. Coverage remains in force for 15 days after vessel discharge or upon delivery, whichever occurs first.
Is there a deductible?
No. The current coverage information states there is no deductible.
How quickly should damage or shortages be reported?
Concealed damage should be reported within 3 business days of delivery. Shortages should be reported within 1 business day of delivery.
