Walaa provides peace of mind to its customers who are importing, exporting or are into transportation of cargo business. Marine Cargo insurance caters to losses / damages pertaining to cargo / freight carried on the vessel.
Walaa provides all risk coverage as well as policies covering limited risk depending on the needs of the insured. Marine Cargo Insurance covers different risks depending upon the type of coverage sought by the customer. The policy provides protection against “All Risk” for losses and damages to cargo happened during transit by sea, air, road and rail. Restricted coverage is also provided upon customers need other than all risk for transit by sea, air, road and rail.
Solution is available on open-policy-basis that covers all the shipment of insured on declaration basis or single-shipment-basis.
Walaa also provides cover to the pleasure crafts owned by the insured through its Pleasure Craft insurance policy. The policy covers losses or damages to the vessel and machinery of vessel caused by maritime perils.
The insurance policy covers the following perils, losses and damages;
Perils of the seas, rivers, lakes or other navigable waters, fire and explosion, violent theft by outside person, jettison or piracy, contact with land conveyance, dock or harbour equipment or installation, earthquake, volcanic eruption or lightning.