The cost of freight shipment insurance depends on several factors, including the value of goods, shipping method, destination, and coverage type. On average, cargo insurance costs between 0.5% and 2% of the shipment’s total value.
Factors Affecting Freight Shipment Insurance Cost: #
? Value of the Shipment – Higher-value goods require higher coverage, increasing the premium.
? Mode of Transport – Air freight is typically more expensive than ocean or land freight due to higher risks.
? Coverage Type – All-risk insurance costs more than basic or named perils coverage.
? Shipping Route & Destination – High-risk regions or piracy zones may result in higher premiums.
? Cargo Type – Fragile, perishable, or hazardous goods have higher insurance costs than standard items.
Get Freight Shipment Insurance Cost here:
