What is Cargo Insurance?
Cargo insurance covers physical loss or damage to goods transported by sea, road, rail, air, post, or other means. It protects anyone with a insurable/financial interest in the cargo—such as buyers, sellers, or intermediaries. Coverage can range from broad 'All Risks' policies to more specific 'Named Perils', with options for standard or customised terms.
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Related FAQs
What does 'CIF+10%' mean? 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? 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 a General Average? Is a valued inventory list required? What is an 'All Risks' Policy (‘A’ Clauses)? I only import Cost Insurance and Freight (CIF). Why would I need added insurance? 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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