China International Maritime Insurance Claims

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When an insurance accident or loss within the scope of insurance liability occurs, the insured shall immediately notify the insurer. Loss notification is the first procedure for insurance claims. In ship insurance, if the accident is abroad, the nearest insurance agent should also be notified.

Marine insurance claims

Maritime insurance claims refer to a method of compensation for the loss of marine transportation caused by natural disasters or other accidents. The insurer and the insured enter into an insurance contract. According to the contract, the insured pays a certain fee to the insurer, and the insurer can be compensated after the loss occurs.

Main process of marine insurance claims settlement

????1. Loss notification

When an insurance accident or loss within the scope of insurance liability occurs, the insured shall immediately notify the insurer. Loss notification is the first procedure for insurance claims. In ship insurance, if the accident is abroad, the nearest insurance agent should also be notified.

Second, survey and inspection

The insurer or its agent shall immediately carry out the investigation and inspection of the insurance subject ’s loss after receiving the loss notice. There are two main steps:

1. Joint inspection of ports. When the goods are found damaged after arriving at the destination port, the consignee should notify the insurance company in time, apply to the commodity inspection department for joint inspection, jointly identify the cause of damage, the amount and degree of damage, and compile a joint port inspection report or record of the situation.

2. Joint inspection in different places. When the freight is transferred to the inland consignee, regardless of whether the goods are found to be unloaded at the port or not, as long as the goods arrive at the destination and are found to be short of damages within the scope of insurance liability, the consignee can conduct joint inspection and prepare through the local insurance company Joint Inspection Report. After passing the inspection of the goods, the claim adjuster shall determine the attribution of the cargo damage liability accordingly. The 'original residual' of the goods is the responsibility of the consignor, which is an extra-risk liability of the insurance clause, and the insurer is not responsible for compensation. Cargo? 'Ship residuals', 'work residuals' or other external causes of losses, as long as they occur within the insurance period are insurance liabilities, the insurer should compensate.

When applying for inspection to the insurer or its designated inspection agent, the inspection applicant shall provide the necessary documents to fill in the following contents: application inspection form, ocean bill of lading, cargo invoice, maritime report, insurance document, packing list, tally slip, The weight list of the goods, etc.

3. Verify the insurance case

4. Analyze the claims and determine the responsibility

The insurer should judge whether the cause is insurance liability, whether it occurs within the insurance period, whether the claimant has an insurable interest, the relevant documents reviewed such as insurance documents, accident inspection reports, insurance accident certificates, rescue and repair of insurance targets Aspect documents.

V. Calculate the amount of compensation and pay insurance compensation

In the calculation of insurance compensation, the insurer usually bases on the Statement of claim. The calculation of insurance compensation may be carried out by the insurer itself, or it may be calculated by its agent or entrusted by the average loss adjuster.