Container insurance

An option of two covers available for New Zealand operators owning or leasing cargo containers.

Vero Marine’s Container Insurance product encompasses the main hazard of accumulation of financial risk facing New Zealand operators, whether they own or lease cargo containers. Invariably a marine casualty will involve containers, whether it be at sea or on land, or an earthquake at a port.

Vero Marine provides two covers, based on the

  • Institute Container Clauses (Time) Clauses; or the
  • Institute Container Clauses (Time) (Total Loss, GA&S, Sue & Labour).
Sums insured and deductibles are usually stated in US$.

Principal exclusions include:
  • wear and tear / lack of maintenance;
  • mysterious disappearance over time / inventory loss.
To avoid extensive work load, Vero Marine’s policy incorporates an Additions and Deletions Clause. Many New Zealand container operators have a designated economic useful life for containers, and the policy schedule and wording can be specifically amended to suit specific accounting practices.

Delivery Voyage Proposal
Additional Vessel Proposal
    Please Read This Important Information This on-line information is provided by Vero Marine and is intended to provide summary information of the main features of this Vero Marine product. For further information on this product, please speak to your broker / adviser about Vero Marine products. A decision to purchase this product should be based on more comprehensive detail than is provided by this summary and you should not rely solely upon this summary. The policy document describes in detail the benefits provided, exclusions and how your policy works. The Vero Marine product described in this on-line information is offered by Vero Marine and is only available within New Zealand.

    Vero Marine sells its products through independent brokers. You can find a broker near you with the help of the Insurance Brokers Association website...