Types of Cargo Insurance and Risk Factor

Once the cargo is insured, and in case of unforeseen circumstances, customers can always get back a certain percentage or even the entire value of the goods damaged as covered under the relevant cargo insurance policy. Insurance coverage’s varied by air, land, or sea, because of which all insurance policies are specifically tailored according to individual shipper needs and requirements. Coverage’s provided are for all risks or on specially defined risks, as needed.

Types of Insurance

 

Cargo insurance avoiding risk and helping you to get the safest delivery of your material. When you go with Cargo insurance there are factors of risk which can avoid on regular basis.

 

All Risk Coverage- Like the name suggests, this is a comprehensive coverage policy, which includes everything that is not specifically excluded.

 

However, typical types of exclusions are:

 

·         Inherent Vice – Infestation, loss due to market delay, failure of the product to perform intended functions, and spoilage

 

·         Cargo Abandonment – losses that occur at a port city, more than 15 days after the cargo has been discharged

·         Rejection of merchandise by the FDA, Customs, and other government agencies

·         Payment or account collections failure

·         Losses that result from temperature and air pressure during shipment by air

·         Losses in excess of policy limit

·         Used goods

·         Improper goods

Instant Price on Cargo Insurance with Trukky Insurance

Now get an instant quote within 60 seconds and get your policy issued in under five minutes with Trukky Insurance. Pay easily and securely through Net banking or NEFT/UPI. The online policy ensures immediate coverage, while the soft copy of the policy can be used as documentary evidence of the transit insurance.

How does Transit Insurance from Trukky Insurance work?

Transit insurance or transportation insurance policy from Trukky Insurance is the safe and secure way of covering the risk that may arise due to loss or damage caused to goods or personal belongings while in transit. Just fill in your details and get quotes for the premium payment. You can choose the quote that best suits your requirements and budget. Simply make payment online through a secured payment gateway and get policy delivered instantly in your inbox.

Cargo insuranceMarine InsuranceTransit InsuranceTransport Insurance