I only import Cost Insurance and Freight (CIF). Why would I need added insurance?
Even with CIF, it’s worth asking:
What exactly does the insurance cover—total loss only or partial loss too?
Can you, as the importer, collect payment for a claim outside of the country of origin?
How much are you really paying for that insurance? It’s often bundled into the total cost, and you might find better coverage at a lower price by insuring it yourself.
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Related FAQs
What does “CIF+10%” mean? Is a valued inventory list required? What happens if I under-value a shipment for insurance purposes? What do I do when i discover a loss or damage to a shipment? What is a General Average? I’ve shipped hundreds of times and never had a loss. Why would I want to insure? How should an insured act in the event of a claim for loss or damage? What is an 'All Risks' Policy (‘A’ Clauses)? I already have my own policy. Isn’t that enough? What is the difference between inland transit insurance and ocean cargo insurance? What are the chances that anything will happen to my goods?New to Maersk.com?
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