Open Policy

The smart way to move marine cargo

If you send cargo regularly, a Marine Cargo Open Policy will ensure that your cargo is covered without you having to tell us about each individual shipment, so you can concentrate on running your business.

Need to claim?

If you need to make a claim for your cargo, please follow our Cargo claims procedure, and Emailsend us an email.

If you have a Vero Marine insurance certificate, contact your nearest Claims Agent.

For after–hours emergency assistance in New Zealand, call Sedgwick on Call us0800 800 270.

Online broker and customer tools

For more information on Marine Cargo Open Policies, see the Insurance Council of New Zealand’s Marine Cargo Open Policy Handbook.

Marine Cargo Open Policy

With a Marine Cargo Open Policy your goods are covered while in transit. The Open Policy only ends if the agreement is cancelled by you, or by us.

All you need to do is advise us of the value of all cargo transits that fall within the scope of your policy. Your policy will be reviewed each year and may be adjusted, even though the cover continues automatically.

An Open Policy means your goods are automatically covered for the transits shown in the policy. You don’t need to worry about forgetting to arrange insurance for any single transits.

A Marine Cargo Open Policy sets out

  • The name of the insured
  • A general description of your goods
  • The countries involved
  • The maximum values covered under the policy
  • How the goods will be valued
  • The terms and conditions of insurance

Premium payment options

If you’re taking out a Marine Cargo Open Policy with us, there are two ways to pay your premiums.

You can pay the premium annually with a minimum and deposit premium payable at the beginning of the period. The premium is then adjusted at the end of the year based on the value of goods you actually sent.

Alternatively you can choose to pay your premiums at various periods throughout the year based on declarations of actual shipment values. If you’re unsure what level of shipments you expect over the next 12 months, a declaration-based policy can provide the flexibility you require, and the comfort of knowing that your shipments are covered.

Not quite what you’re looking for?

If the products above don’t quite suit your needs, take a look at our other cargo products, or get in touch with a broker or adviser for personalised help.

Single Transit Cargo insurance

Additional cargo products

Why insure in New Zealand?

Whether you’re importing or exporting cargo, you can keep control by arranging your own cargo insurance with a broker or adviser in New Zealand.

Find out more

Get insured with Vero

For expert advice on how Vero can help you with your insurance needs, talk to a broker or adviser. Our locator helps you find a broker or adviser near you.

Find a broker

Important information

Excesses, terms, conditions, limits and exclusions apply to these policies. Please check the policy wording for details of cover. The provision of cover is subject to the underwriting criteria that apply at the time.

Our website provides general information about our products and services to help you make choices when it comes to protecting the things in life and business that really matter and is not intended to be financial advice. For advice on product suitability, please contact your financial adviser.