Marine & Cargo Insurance

Cargo Insurance, Aviation Insurance, Marine & Cargo Insurance and Road/Rail insurance are the types of insurance that fall under the broad term ‘Cargo Insurance’.

The purpose of Marine & Cargo Insurance is to repay you for the full dollar value of your shipment if the goods you are importing or exporting are damaged, lost or stolen in transit by air, sea or land.

Goods are damaged, lost or stolen in transit everyday so it is vital that you are appropriately insured by marine cargo insurance.

While some freight forwarding companies offer insurance, many limit their liability on the weight of the cargo. This ‘contingent’ insurance regularly results in a substantially lower payment than the value of loss. The process of claiming can also be drawn out.