Marine cargo insurance in Nigeria
Cover goods in transit by sea, air or road against loss and damage on the way. Essential for importers and traders.
If you import or move goods, the journey is where the risk lives, loading, transhipment, storms, handling and theft in transit. Marine cargo insurance covers the goods from origin to destination.
What it covers
Marine cargo covers physical loss or damage to your goods while they are in transit by sea, air or road. Cover can be for a single shipment or, for regular importers, an open cover across many shipments.
Why importers need it
Under many trade terms the goods travel at your risk, and a carrier's liability is strictly limited. If a container is lost or a shipment is damaged, the carrier rarely makes you whole. Marine cargo cover does.
What decides the premium
The main factors are the value of the goods (usually cost plus freight plus a margin), the route, and the nature of the cargo. Fragile, high-value or perishable goods carry more risk. Cova quotes from licensed underwriters once it knows what you are shipping and where.
Documents and claims
Keep the invoice, packing list, bill of lading or airway bill, and any survey report. For a claim, note damage on delivery and report it promptly; a survey may be required. Log the shipment in VaultCova and the paperwork stays together, ready if you need to claim.
Get a quote
Tell Cova what you are shipping, its value and the route, and get covered before the goods sail.
Cover it in minutes, not days
Log what you own, get a quote from a licensed underwriter, and pay in the app.
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