FAQ : Cargo Insurance
What is cargo insurance and how does it work?
Cargo insurance protects goods from loss or damage during transportation by air, sea, road, or rail. At Cargo Insure Online, we offer comprehensive coverage to safeguard your shipments.
How do I insure my shipment internationally?
You can insure international shipments by using platforms like Cargo Insure Online, which provides global cargo insurance coverage with instant quotes.
How much does it cost to insure freight shipments?
The cost of insuring freight varies based on the shipment’s value and route. Get a quick and accurate quote on our website, Cargo Insure Online.
What does cargo insurance cover?
Cargo insurance typically covers loss, damage, or theft of goods during transit. Cargo Insure Online provides coverage options for all types of cargo.
What is the maximum coverage available for shipping insurance?
Maximum coverage for cargo insurance can go up to $1,000,000. Explore our coverage options at Cargo Insure Online to find the best fit for your needs.
What is the difference between cargo insurance and carrier liability?
Carrier liability covers only part of the loss, while cargo insurance from Cargo Insure Online covers the full value of your goods, providing complete protection.
How quickly can I get a cargo insurance quote?
Many platforms offer instant quotes online. At Cargo Insure Online, you can get an immediate quote and secure your coverage in just a few clicks.
Can I insure my shipment from door-to-door?
Yes, door-to-door insurance covers your goods from pickup to delivery. Cargo Insure Online provides comprehensive door-to-door protection for all your shipments.
What type of insurance is available for air freight?
Air freight insurance covers goods in transit by air. Cargo Insure Online offers robust coverage options for air freight to ensure your cargo is protected.
Does cargo insurance cover goods in storage?
Yes, warehouse storage insurance is available. Cargo Insure Online provides coverage for goods in storage, offering peace of mind for your stored items.
Do I need special insurance for fragile or perishable goods?
Cargo insurance can be tailored for fragile and perishable items. At Cargo Insure Online, we offer specialized coverage to protect these types of goods.
How is cargo insurance for sea freight calculated?
Sea freight insurance premiums depend on various factors. Get a detailed quote and calculation from Cargo Insure Online to ensure your sea freight is adequately covered.
What payment methods are accepted for buying cargo insurance online?
Payment methods include credit cards, PayPal, and e-Wallet. Cargo Insure Online provides secure payment options for a hassle-free insurance purchase.
Is cargo insurance mandatory for international shipping?
While not always mandatory, cargo insurance is highly recommended. At Cargo Insure Online, we provide essential coverage to protect your international shipments.
What types of cargo insurance policies are available?
Cargo insurance policies include all-risk, named perils, and specific coverage for high-value or fragile items. Each type offers different levels of protection based on the risks involved.
How can I calculate the cost of cargo insurance for my shipment?
The cost is determined by factors such as cargo value, shipping route, and method. Use an online quote tool like Cargo Insure Online to get an accurate calculation.
What is included in all-risk cargo insurance?
All-risk cargo insurance covers nearly all types of damage or loss, except for specific exclusions listed in the policy.
What does named perils cargo insurance cover?
Named perils insurance covers only the risks explicitly listed in the policy, such as fire or theft, excluding other potential hazards.
Can I insure my cargo while it is being stored?
Yes, cargo insurance can include coverage for goods in storage, with options available for both short-term and long-term storage.
What are the exclusions in cargo insurance policies?
Common exclusions include wear and tear, inherent vice, and specific types of damage outlined in the policy terms.
How do I choose the right cargo insurance coverage?
Assess the value of your cargo, the shipping method, and potential risks to choose the appropriate coverage level. Consult with insurance providers for tailored recommendations.
What is the process for obtaining a cargo insurance certificate?
After purchasing insurance, you can download the certificate from the insurer’s platform, such as Cargo Insure Online, for proof of coverage.
Are there any restrictions on insuring hazardous materials?
Yes, hazardous materials may have specific insurance requirements and restrictions. Verify coverage options with your insurer for these types of goods.
How does cargo insurance differ from marine insurance?
Cargo insurance covers goods in transit regardless of the mode, while marine insurance specifically covers goods transported by sea.
What is the role of a freight forwarder in cargo insurance?
Freight forwarders can arrange cargo insurance on behalf of clients, ensuring coverage is in place for shipments.
How can technology improve cargo insurance management?
Technology, such as online platforms and APIs, enhances efficiency in obtaining quotes, managing policies, and processing claims.
What is the benefit of having door-to-door cargo insurance?
Door-to-door insurance covers your cargo from the point of origin to the final destination, providing comprehensive protection throughout the entire journey.
Can I purchase cargo insurance for a single shipment?
Yes, cargo insurance can be purchased on a per-shipment basis, allowing flexibility for occasional or high-value shipments.
What are the key factors that affect cargo insurance premiums?
Premiums are influenced by cargo value, shipping method, route, and risk factors associated with the cargo and destination.
What are the key factors that affect cargo insurance premiums?
Premiums are influenced by cargo value, shipping method, route, and risk factors associated with the cargo and destination.
Why a Cargo Insurance?
Cargo Insurance provides coverage against all risks of physical loss or damage to freight during the shipment from any external cause during shipping, whether by land, sea or air. … Different types of cargo insurance policies available for transporting goods by land, sea, or air.
How much does it cost?
Premium depends on the voyage of your shipment as well as the transport method and the commodity. To get an instant quote, simply register with our platform and you will instantly get your quote
Can I purchase cargo insurance directly from your website?
Absolutely – You can get the quote and submit the details of your shipment. Then, you can BUY directly from our website
What are the payment method?
We are offering several secured payment method, such as PAYPAL, Credit Card and e-Wallet By e-Wallet, you can fund your account and follow every transaction from your own portal.
How can I get my documents?
After the successful payment, your documents will be automatically downloaded. You can print it and send it to your customer if needed. If you need to re-print the document, you will find it into your portal
Am I covered by the carrier in case of Loss/Damage?
Most of people confuse Carrier’s liability and Cargo Insurance. In case of Loss/Damage, the carriers is having a liability which does not cover the entire amount of the cargo. For a full coverage, Shipper/Consignee or Freight Forwarder (on behalf of the customer) must purchase a Cargo Insurance. Some examples of Damage/Loss for a better understanding:
AIRFREIGHT – 5 boxes -89 kgs – Value: USD.39,500 Carrier’s liability will pay USD 2,333 vs Cargo Insurance will pay USD 39,500
SEAFREIGHT – 1 x 20? DV – 7,649 kgs – Value in USD. 126,800 Carrier’s liability will pay maximum USD 21,111 vs Cargo Insurance will pay USD 126,800
OAD TRANSPORT – 12 crates – 1,826 kgs – Value in USD. 24,200 Carrier’s liability will pay USD 20,980 vs Cargo Insurance will pay USD 24,200
Can I purchase cargo insurance for goods shipped anywhere in the world?
Yes, you can purchase cargo insurance from worldwide to worldwide. Some countries are having some limitations
What is the type of coverage?
We are offering only “Full Risk” excepted for the category for second hand. The coverage is from door-to-door
I am a Freight Forwarder, is the Premium written on the document?
The Premium mentioned on the document is shown as “As agreed”
I am a Freight Forwarder, is the Premium written on the document?
The Premium mentioned on the document is shown as “As agreed”
What is the maximum amount I can cover my shipment
Depending on the countries, our maximum liability covers up to Usd. 1,000,000