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Marine insurance covers the loss or damage of ships, cargo, terminals, and any transport or cargo by which the property is transferred, acquired, or held between the points of origin and the final destination. cargo insurance is the sub-branch of marine insurance,. Choose affordable insurance plans that fit your specific needs. trust our team to help you have peace of mind. we're able to offer you the protection you need for just about any asset.. As boat owners know, following a maintenance checklist before getting on the water is essential to protect lives and property. and insurance is an important item on that list..