Marine insurance add-ons are optional extensions purchased alongside a base ICC A, B, or C cargo policy to cover specific risks — war, strikes, theft, duty loss, or profit margin — that standard clauses exclude, allowing Indian exporters to tailor coverage precisely to their cargo type, trade route, and risk exposure.

Why Add-On Covers Matter

Base ICC clauses — even ICC A (all-risk) — exclude certain categories of loss by design, such as war and strikes. Add-on covers exist to close these gaps, letting exporters build a policy matched to the actual risk profile of their goods, route, and destination port, rather than paying for blanket protection they don't need or missing protection they do.

Key Marine Insurance Add-Ons in India

1. Institute War Clauses
Covers loss from war, civil war, hostile acts, mines, torpedoes, and derelict weapons of war. Essential for shipments transiting politically sensitive waters or conflict-prone regions.

2. Institute Strikes Clauses (SRCC)
Covers loss from strikes, lockouts, riots, and civil commotion — risks fully excluded under base ICC clauses.

3. Theft, Pilferage & Non-Delivery (TPND)
Extends cover to partial or total loss from theft and pilferage during handling or transit — critical for high-value, easily resalable goods, and automatically excluded under ICC B and C.

4. Duty Insurance
Reimburses customs duty already paid on goods that are damaged or lost after customs clearance but before reaching final destination — protects the duty outlay, not just the goods' value.

5. Increased Value Insurance
Covers the profit margin or markup on goods, over and above the base invoice value insured under the main policy — relevant when the sale price significantly exceeds cost.

6. Warehouse-to-Warehouse Extension
Extends transit cover beyond the port-to-port leg to include inland movement at both the origin and destination — from the exporter's warehouse to the buyer's warehouse.

7. Storage-Cum-Erection (SCE) Cover
Extends cargo cover through the storage and installation phase for imported machinery or capital equipment, until commissioning is complete.

8. Deterioration & Contamination Cover
Covers spoilage or contamination of perishable or sensitive cargo (food, chemicals, pharma) caused by temperature fluctuation, moisture, or delay — often excluded under standard ICC wording.