What is the difference between water insurance and non-water insurance in insurance?

1. Different terms of use

Maritime insurance usually uses the CL380 exclusion clause. The usage of each type of exclusion clause in non-water insurance is as shown in the figure below.

2. Different insurance contents

The dangers covered by marine insurance mainly include beach stranding, running on rocks, capsizing, collision, storms, etc., fire or explosion, violent theft or maritime robbery, earthquake Or volcanic eruption, abandonment or wave rolling, malicious acts or negligence of the captain or crew, etc.

There are dozens of non-water insurance types currently approved or registered by the Insurance Regulatory Commission, mainly including:

Property basic insurance, property comprehensive insurance, property insurance, etc. All risks, construction and installation and third party liability insurance, machine damage insurance, cash insurance, computer insurance, etc.;

Public liability insurance, employers' liability insurance, product liability insurance, attorney's liability insurance that belong to the liability insurance category etc.;

Export credit insurance, which belongs to the credit insurance category;

Profit loss insurance, performance bond insurance, employee loyalty insurance, etc. which belong to the guarantee insurance category.

3. Different natures

Maritime insurance is a type of property insurance, also known as "marine insurance".

Non-water insurance (excluding motor vehicle insurance) is one of the main business sources of domestic property insurance companies, involving property insurance, liability insurance, credit insurance and guarantee insurance.

Reference source: Baidu Encyclopedia-Marine Insurance