Marine Cargo and Marine Hull Insurance: Why You Need Them If you are involved in the maritime industry, you know how important it is to protect your assets and interests from the perils of the sea. Whether you own a vessel, a cargo, or both, you need to have adequate insurance coverage to safeguard your investment and avoid financial losses in case of accidents, damages, or theft. But what exactly are marine cargo and marine hull insurance, and why do you need them? In this article, we will explain the basics of these two types of insurance and the risks of not having them. What is Marine Cargo Insurance? Marine cargo insurance is a type of insurance that covers the goods, cargoes, or merchandise that are transported by land, sea, or air from the point of origin to the final destination. It protects the owner or the consignee of the cargo from the loss or damage caused by various risks, such as heavy weather, fire, lightning, explosion, grounding, stranding, collision, machinery dam