Marine insurance claim process refers to the series of steps taken by an insured individual or entity to file and resolve a claim under a marine insurance policy. Marine insurance, also known as maritime insurance, is a specialized type of insurance that provides coverage for vessels, cargo, and other maritime interests against various risks and perils faced during marine voyages and operations.
The marine insurance claim process is crucial for policyholders to recover financial compensation for losses or damages incurred during a covered event. It involves several key steps, including promptly notifying the insurer, submitting a formal claim, providing supporting documentation, cooperating with the insurer’s investigation, and negotiating a settlement.
