A Step-By-Step Guide For Online Marine Insurance

Answer this:
Is it possible to buy marine insurance in under 5 minutes?

Yes. But can you buy instant cargo insurance within 3 minutes? Well, with Aapka Transit, yes you can!

How To Buy Marine Insurance OnlineComputed to deliver a stress-free commercial insurance experience, the Aapka Transit online portal enhances the pace of buying cargo insurance. If you are a Custom House Agent, forwarder or business owner looking for an easy way to buy marine shipping insurance, then gather up, because we are sharing each step involved in purchasing cargo transit insurance with Aapka Transit.

How To Buy Marine Insurance Online

Once you have set up your account, the portal will take you to the dashboard upon logging in. From here, you need to select the insurance, fill up all the details when prompted and finally pay.

Steps in a glimpse: Buy Insurance>>Fill In Details>>Pay.

Let us dive into more details. One step at a time.

Step 1: Select your insurance base

On the dashboard, head to the left side of the menu. Here you’ll find the Buy Insurance section. Select it. A pull-down menu appears with 4 insurance options (import, export, inland and container). Here, opt for the right insurance base.

Step 2: Set in insurance details

Next, fill in the prompted details, like whether you buying instant cargo insurance for an individual or company and your GST number.

For an accurate and stress-free commercial insurance process, Aapka Transit enables autofilling as you feed in the GST number. Hence, reducing the chance of feeding in wrong information.

Step 3: Add your billing details 

As a CHA and agent, you can opt for the ‘Bill to other’ option and select if you want to bill the insurance to a person or company. Feed in the GST number and our smart portal will take care of the other details.

Hit Next.

Step 4: Share cargo information

From the description and type of the commodity to the leaving and arriving destination fill in every detail in the form box. Other details you need to add include:

  • Terms of sale
  • Transit mode
  • Packaging
  • Coverage start location
  • Coverage end location
  • Transit start date
  • Insurance coverage type
  • etc

Note: Fill in details applicable to your instant cargo insurance needs.

Step 5: Give these additional data 

Once you are set with cargo information, head to the invoice section by clicking on next. Put in invoice number, date and a copy of the invoice.

Step 6: Fill in monetary requirements

The next section is all about value details. Follow the tags and add the right currency( eg. USD, GBP, MDL etc), exchange rate and invoice amount. As you put in the last figure, the portal will calculate the sum incurred.

Hit next and agree to the policy.

Step 7: Check the insurance premium details

As you click on ‘I Agree’ (step 6), you will get the Total Premium to be paid. From the top right section, check if you have an apt balance.

If not, click on the ‘Add’ button and add the required funds via net banking, debit or credit card, UPI, or wallet. Once done, finally, click on Submit to finish the process.

Have a look at the clock now, you already have cargo transit insurance and still have time in your hand. If you wish to review your insurance policy, head to the ‘Policy Register’, from here you can access, see, and download your insurance policy.

Easy isn’t it?

For more details, head to our blog section. To get started with an improved way of buying marine insurance, head to our site and ask for a free quote today.

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How to Find the Best Online Marine Cargo Insurance Deals

Positioned to reach USD 50.5 Billion by 2032, the marine cargo insurance market is no less than a vast ocean in itself. With so many options available online, finding reliable and suiting marine insurance deals will surely test your waters.

Without the right and comprehensive understanding, you may end up lost and in loss. Worry not, this blog by Aapka Transit will act as the lighthouse, bringing you safely closer to the right online marine cargo insurance deals.

Online Marine Cargo Insurance

Decoding the Basics of Marine Insurance

What is marine cargo insurance exactly? Marine insurance provides coverage for vessels, cargoes, and marine-related liabilities.

It’s a specialised form of insurance that covers the loss or damage of ships, cargo, and terminals by which any cargo is moved or held anywhere between two points.

Things to Consider While Buying Marine Insurance

Right from the cargo insurance type to coverage limits and loss settlement, there are many things to consider while finding your match for Marine cargo insurance deals. Here are our key takeaways to keep in mind-

1. Access Your Marine Insurance Needs

The first step in securing the best online marine insurance is to conduct a thorough assessment of your needs. Evaluate the vessel type, its purpose, and the waters it navigates. Different vessels may require different types of coverage, such as hull insurance, or specialised coverage for specific equipment.

Ask, how much insurance do you need? This can be based on the estimated value of all the assets or the financial impact of the risk. This will guide you in selecting the right value and type of marine insurance.

2. Compare Different Coverage Options

When comparing different coverage options, consider every tiny detail, including premium value, coverage types, claim process, terms and conditions, policy limits and other elements. Also, inquire about policy specifics like the deductibles (the amount you must pay out of pocket before the insurance coverage kicks in) and exclusions involved.

While analyzing different marine insurance deals, also pay keen attention to the reputation of the provider as well.

3. Fish Out for Discounts and Savings

Make the most of your marine cargo insurance with discounts and savings. The availability and amount of discounts will vary among insurers, and it’s essential to inquire about potential discounts when obtaining quotes.

4. Leverage Online Tools for Comparison

Get ahead with online marine insurance portals and comparison tools. Portals, like Aapka Transit eases up your search for a befitting marine cargo insurance deal with a quick, secure, easy and transparent setup.

Get quotes, understand policy specifications, and find marine caro
insurance deals tailored to your needs with a team of the most trustable and knowledgeable insurance experts.

What more? Effectively save money, time, and effort.

Weighing the Anchor: Conclusion

With these considerations in mind, you are all equipped to navigate the world of marine cargo insurance. Aapka Transit gets you the best deal in terms of price and the peace of mind that comes with knowing your vessel is adequately protected on its maritime adventures. Head to our site, to get quotes today.

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