How do I determine how much I should insure my goods for?
Under a cargo policy, you would usually value goods at the invoice cost, freight charges and an additional percentage of the total of those amounts (normally 10%). The additional percentage accounts for charges that may be incurred during shipping but aren't known at the time of booking.
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Related FAQs
Why would I worry about the safety of my cargo when shipping with a trusted carrier like Maersk? What is General Average? If my goods aren't damaged why might I incur a loss? Where can I get a quote for the Cargo Insurance premium? Can I buy cargo insurance as a private individual shipping personal effects? If I already have a shipment with Maersk, can I buy insurance for it? Will Zurich Insurance appoint a surveyor on my behalf in case of cargo damages? As a customer shipping dry commodities, I would like to know what kind of risks are covered by the insurance? Do I need to fill a special form to purchase the cargo insurance? When I add Cargo Insurance to my booking online, how will I receive my insurance policy Schedule? I added insurance at the time of shipment but would like to cancel it while keeping my shipment with Maersk. Is it possible? I added insurance at the time of shipment but would like to cancel it while keeping my shipment with Maersk. Is it possible? Can Value Protect be applied to all commodities?New to Maersk.com?
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