When shipping cargo internationally, it is important to consider all possible risks and take the necessary precautions to protect your goods and make sure they are as safe as possible.
This is why it is so important to have additional cargo insurance. This type of insurance can help protect your cargo in the event of an accident or other incident.
Cargo insurance is a policy that provides cover for additional costs if your goods are lost or damaged during transit. It can help cover the cost of repairing or replacing goods in the event of damage or loss. Cargo insurance covers all types of domestic and international transport (road, rail, sea, air).
When choosing cargo insurance, it is important to compare the various options available to find the policy that best suits your needs.
Cargo insurance covers a wide range of losses. The insured is protected against natural disasters (fires, hurricanes, avalanches, earthquakes), robbery, theft (of property and means of transport), damage to property and natural disasters. Insurance also covers accidents and collisions of means of transport.
is that insurance usually covers costs per kg of weight of the goods, as opposed to cargo insurance, where we insure a specific good according to its value.
Like any insurance, cargo insurance has situations and goods that cannot be insured. Therefore, before taking out a policy, it is advisable to read the terms and conditions and compare the offers available on the market so as not to be disappointed.
The exclusions of liability are to be found in the T&C, or general terms and conditions of insurance, and may look slightly different in each package. It is very common for various events to be classified by insurers as ‘gross negligence’. If the goods are incorrectly loaded, improperly packed or badly labelled, the regulations may authorise insurance companies to withhold compensation. Other exclusion clauses may include damage to or loss of goods caused by war, terrorist attack or other unlikely events.
In addition, insurers’ exclusions of liability often also cover damage caused by alcohol consumption by the driver of the vehicle, personal documents and luggage, damage caused by delayed transport or live animals.
