How to choose cargo insurance

Cargo transportation is an important part of international trade, the transportation process may encounter a variety of unforeseen risks, such as war, natural disasters and other force majeure factors, which may lead to loss or damage of goods. In order to protect the safety of goods, it is especially important to choose a suitable cargo insurance.

What is cargo insurance?
Cargo insurance is an insurance policy that provides protection against various risks that goods may suffer during transportation. It covers the entire transportation process from the time the goods leave the warehouse to the final destination, including sea, air, land and other modes of transportation.

Scope of Cargo Insurance 
Natural disasters: earthquake, flood, storm, etc. resulting in the loss of goods.
Accidents: such as fire, explosion, collision and other damage to the goods.
War and Political Risks: loss of goods due to war, riots, strikes, etc.
Theft and Robbery: Theft or robbery during transportation.

How to choose cargo insurance 
Understanding needs: determine the insurance coverage you need based on the type of cargo and mode of transportation.
Compare insurance companies: choose a reputable insurance company with good service.
Read the terms and conditions: read the terms and conditions carefully to understand the specific coverage and exclusions.
Consult a professional: if you are not sure how to choose, consult an insurance broker or professional.

Cargo insurance is an important tool to protect your goods in case of force majeure. By choosing the right cargo insurance, you can ensure that your goods are adequately protected in the face of various risks.
Written by karla