The Differences Between Carrier and Third-Party Insurance

When shipping goods, you have the option of using carrier-provided insurance or opting for third-party insurance like Cargo Insure Online. Carrier insurance typically offers limited coverage based on the carrier’s liability, which often falls short of the actual value of your goods. This can leave you vulnerable to significant financial losses in the event of damage or loss during transit.

Third-party insurance, on the other hand, provides more comprehensive and customizable coverage options. With third-party insurance, you can insure your shipments for their full value, ensuring better protection and peace of mind. Additionally, third-party insurance often includes broader coverage for a variety of risks that carrier insurance may not cover, such as natural disasters or acts of terrorism. Understanding the differences between these insurance types can help you make a more informed decision about how to protect your valuable cargo.

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