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Marine Cargo Insurance > Extensions
Extensions To Standard Policy
To accommodate the special needs of business, we can tailor extend the standard policy to include the following additional covers:
- Buyers' Interest
This extension is designed to protect you when you have imported goods on C.I.F. terms of sale, (i.e. freight and insurance costs paid by the overseas exporter), when those goods have suffered loss or damage in transit, and the overseas exporters' insurers fails to pay for the loss or damage.
- Exhibitions and Demonstrations
Provision of cover for goods at exhibitions and demonstrations, both in the U K or overseas. This is in addition to the transit risks to and from the business venue.
- Representatives' Vehicles
Cover can be extended for samples for demonstration purposes carried by representatives and Engineers, which is not normally catered for by the vehicle's motor insurance policy.
- Sellers' Interest
This contingency extension protects you selling on F.O.B. or C & F terms, against loss or damage where an overseas purchaser fails to complete the contract of sale by not paying for the goods, or by not taking up the documents of title.
- Storage
This is an often requested extension. Please see separate section on stock throughputs.
- Engineering Perils
Our policies can be extended to cover many of the traditional engineering risks such as installation, siting, testing and commissioning.
- Returned Goods
Undamaged goods returned can be covered on original conditions.
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