Marine Cargo Insurance :
ARAB MISR INSURANCE GROUP provides compensation for loss of and / or damage to
the insured goods during transportation from one place to another as stated in
the policy due to occurrence of an insured peril on all risks or specified
risks basis .
Advantages obtained :
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Saving external communication costs for claim settlement .
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Quickness in obtaining the claim .
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Issuing an open marine contract on all expected goods during the year.
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Coverage Scope :
( A ) All risks coverage .
( B ) Provides protection less than ( A ) , it is generally used for sealed
goods , heavy machines , contractor's machines & used goods .
( C ) Provides protection less than ( B ) , this coverage is generally used for
goods with large size , low value also related with raw materials , seeds ,
wood , coal & solid segments .
Note : In all cases war & strike risks can be covered in
return for an additional premium .
Premium calculation :
Is done according to the nature of the goods & risks involved at
the port of loading or the origin of goods , method of transportation , packing
, previous loss experience ... (Premium is calculated on percentage basis of
the sum insured)
Inland Insurance :
Arab Misr Insurance Group provides the inland insurance policy for transporting
goods by inland means in & out of the Arab Republic Of Egypt .
It covers all losses or damages affecting goods during transportation &
resulting from fire , shocking , turning of the truck transporting goods also
policy may be extended to cover risks of frightening , discharge & burglary .
Hull Insurance :
Arab Misr Insurance Group provides the hull insurance policy for individuals &
touristic companies which covers the losses or damages to insured vessels such
as :
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Floating hotel
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Oil tankers
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Cargo vessels
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Barges
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Boats & Yachts
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