? Cargo Value – The higher the value of the cargo, the higher the premium, as the risk of loss or damage is greater.
? Shipping Method – Air freight, sea freight, and land transportation each come with different levels of risk, which can affect the premium rates.
? Shipping Route – Routes that pass through areas with higher risks, such as piracy-prone zones or regions prone to natural disasters, may lead to higher premiums.
?? Risk Factors – The type of goods being shipped, such as fragile or hazardous materials, and the destination’s safety profile, influence the insurance cost.
At Cargo Insure Online, we help you understand these factors and offer competitive premiums based on the specific needs of your shipment.
