Voyage Policy

Definition

  • An insurance policy that provides coverage for losses due to unforeseen risks on goods in transit by sea. Also known as "marine cargo insurance", a voyage policy is important for businesses who work in exports.

Synonyms
marine insurance, marine cargo coverage, voyage coverage, voyage insurance, marine cargo policy, marine cargo insurance, marine policy, marine coverage

Related Terms and Acronyms

  • Imports Definition,
    • Goods and services produced in other countries and sold in Canada.
  • Unvalued Marine Policy Definition,
    • Insurance that covers a marine asset to an unspecified dollar amount.
  • Valued Marine Policy Definition,
    • Insurance that covers a marine asset up to a specified amount.
  • Watercraft Non-owned Insurance Definition,
    • Insurance that covers damages to watercraft not owned by the policyholder.
  • Yacht Insurance Definition,
    • Insurance that covers yacht and pleasure boat owners for damages and liability.
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