| Class: |
Ocean Cargo |
| Subclass: |
War Risk -Stand Alone |
| Contact: |
Dianne R. Competiello |
| Coverage: |
Provides coverage for physical loss or damage to goods as a result of war risk perils while waterborne or airborne in international trade. |
| Targetted Class: |
Importers, Exporters, Manufacturers and Freight Forwarders |
| Exclusions: |
As per policy |
| Geography: |
Worldwide - Except shipments to/from countries where trade is forbidden by the United States Government. Also excluding purely domestic and land transit. |
| Extensions: |
Missing Vessels, Strikes, Riots & Civil Commotions (SR & CC) |
| Paper and Capacity: |
New York Marine And General Insurance Company
Maximum limits are $30,000,000 |
| Minimum Premium: |
$25,000 |
| Typical Insureds: |
Importers and Exporters
Manufacturers
Retailers
Freight Forwarders
Wholesalers
Distributors
Bulk Commodity Shippers/Traders
Petrochemical Traders |
| What It Covers: |
Covers loss or damage to goods resulting from named war risk perils subject to policy exclusions while waterborne or airborne in international trade |
| Underwriting Concerns: |
Geographical Scope
Commodity
Modes of Transportation
Loss Control |
| Tips: |
We have successfully written this class of business for over four decades and are committed to a high level of customer service and excellence in underwriting. A completed application with all details of the risk will enable us to provide prompt turnaround.
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