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 policy, voyage insurance, marine cargo insurance, voyage coverage, marine coverage, marine cargo policy, marine cargo coverage, marine insurance
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.
