Policy snapshot
This combined policy covers transit risks (marine inland or overseas) and the subsequent erection/installation risks at the project site.
What is Marine Cum Erection (MCE) Insurance?
Marine Cum Erection Insurance offers end-to-end protection from the dispatch of machinery to its installation. It’s ideal for imported plant and equipment projects.
What can it cover?
- The policy starts from the time the equipment leaves the supplier’s premises, covers transit (including unloading), storage at site, and risks during erection/testing. It safeguards against natural calamities, human error, transit damage, and accidental impacts. Additional covers include burglary, terrorism, and delay in start-up.
Who should consider it?
- Importers of turnkey equipment, Engineering firms handling international supply + site installation, Heavy Industry clients could take annual policies
Key features to understand
- {"heading": "Key Features", "bullets": ["Combines Marine Cargo + EAR cover in one seamless policy", "Ideal for turnkey project imports and installations", "Covers unloading, storage, erection, and testing", "Burglary during storage and terrorism risks are optional add-ons"]}
What deserves attention before you buy?
Coverage, exclusions, sub-limits, deductibles, waiting periods, warranties and underwriting can vary between insurers and policy versions. The policy wording and schedule remain the definitive contract. Novo can help you review the relevant terms for your requirement.
Read the wording, not just the brochure
The schedule and policy wording determine the actual contract.
Compare meaningful differences
Look at exclusions, limits, deductibles, conditions and claim requirements—not premium alone.
Think beyond purchase
Servicing and claims-related support can matter as much as placement.