Insuring your international shipment is crucial to protect against potential risks like damage, theft, loss, or delays. Follow these steps to secure the right cargo insurance for your goods.
Determine the Value of Your Shipment #
Before purchasing insurance, calculate the total value of your shipment, including:? Cost of Goods
? Shipping Costs
? Potential Profit Margin (if applicable)
Choose the Right Type of Cargo Insurance #
There are different coverage options based on your shipping method:
- Marine Cargo Insurance – For ocean freight (covers sinking, piracy, weather damage)
- Air Cargo Insurance – For air freight (protects against loss, damage, and delays)
- Land Cargo Insurance – For trucking or rail transport (covers theft, accidents, and transit damage)
Select the Coverage Level #
- All-Risk Insurance – The most comprehensive, covering almost all potential losses
- Total Loss Coverage – Covers complete loss of shipment (e.g., if a ship sinks)
- Named Perils Coverage – Covers specific risks mentioned in the policy
Purchase Insurance from a Trusted Provider #
You can get cargo insurance through:
- Freight forwarders
- Insurance companies
- Online cargo insurance platforms (like Cargo Insure Online)
Ensure Proper Documentation #
To avoid claim issues, keep the following documents:
- Commercial invoice
- Bill of lading/airway bill
- Packing list
- Insurance policy
Understand the Claims Process #
In case of loss or damage:
- Notify the insurance provider immediately
- Provide supporting documents (photos, invoices, transport records)
- Work with the insurer to process the claim quickly and efficiently
Final Tip: Always choose reliable insurance that matches the risks associated with your shipment’s route, mode, and value. #
Need fast, hassle-free international cargo insurance? Get an instant quote with Cargo Insure Online today!
