What is Cargo Insurance?

Cargo insurance, freight insurance, rider insurance, shipping insurance and marine insurance are types of insurance policies you can purchase to protect against loss of or damage to your goods while they are being transported from origin to destination via truck, ocean vessel, rail or commercial aircraft. These policies are meant to indemnify you if there is any loss or damage to your cargo. Cargo insurance would cover the goods while they are being transported by sea, air and land. Our wide range of clients enjoy the options of purchasing shipping insurance (freight insurance) for any mode of transport, marine insurance for goods transported by ocean, truck insurance for domestic transport, rider insurance for trucking and freight brokers and air cargo insurance for goods transport by air.

Although the term “marine cargo insurance” is sometimes used, it actually includes cover for the land transit commencing from the moment the goods leave storage up until they arrive at the final warehouse. This policy is usually offered to companies such as freight forwarders, distributors, manufacturers, logistics, importers and exporters.

Written by Iris Arden (Ramon Inc.)

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