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Records in this category
- What does Transit Insurance Policy Cover?
- What are the various types of coverages available in marine insurance?
- What is covered under Wider Risk Cover?
- Is War risk covered under the Marine policy?
- What is an Open Policy ?
- What is Open Marine Cargo Cover?
- What is the deductible/excess in the policy?
- What does the term CIF + 10% valuation represents in marine cargo policy?
- Is storage at warehouse coverage included in the marine Transit policy?
- What is the minimum deductible in India under marine cargo policy?
- Will the carrier pay transit losses for goods they carry?
- Why should one take Transit Insurance for Imports/ Exports even though the goods are least prone to getting damaged and there is no chance of shortage?
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Sticky FAQs
Marine Insurance
ID #1189
What is the minimum deductible in India under marine cargo policy?
A minimum of 0.5% of Invoice/ Consignment Value or Rs.5000 whichever is more is the standard deductible in India. The higher excess deductible options are available upon request and basic rates are considered by the insurance company, taking into account the higher excess deductible option.
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Related entries:
- Why do I need Travel Insurance?
- Is there a cap on the hospital amount per day?
- When does the travel insurance cover begin?
- Till when is the travel insurance policy valid?
- Do I need to carry the policy along with me?
Last update: 2011-10-31 14:53
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Revision: 1.1
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