Cargo Insurance

Cargo insurance can help you have peace of mind concerning the status of your shipments virtually anywhere in the world.  As you know, the world today is not always safe.  The goods you ship are liable to be stolen or lost at sea or on land.  They could also be damaged.  While you may not have spent much time envisioning your cargo being hijacked and greedily used by someone else, you probably have thought long and hard about how much money you hope to make off of a timely shipment.  Therefore, you should give serious thought to the idea of insuring your precious cargo.  If you have insurance, your insuring company can reimburse you completely for any and all of the costs incurred by the loss in question.

If you still need convincing that it might be important to get this kind of insurance, think about this possibility.  Your cargo of fancy new computers arrives at the proper address, but mysteriously disappears after a day or two – before the customer picks it up.  Somebody made off with $50,000 worth of your new products!  At this point, having insurance is the difference between having to pay for everything yourself and getting paid back for the loss, which ultimately was not your fault.

Wait!  Before you run off and grab shipping insurance from the first provider.  It’s important to know how the insurance company works before you buy coverage.  For example, at what point does the company consider that a shipment has passed out of the hands of the exporter and into the hands of the importer – at the exporter’s pier, at the halfway point of the voyage, or at the importer’s port?  Sometimes the rules vary depending on the type of cargo, so make sure you find out from your potential insurer what those rules are.