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Should I Get Coverage on Cargo?
Insurance policies that cover cargo will protect you from costs associated with the loss, damage or theft to goods. Typically this includes coverage both while cargo is being stored and while in transit to the final destination.
Cargo protection policies can cover all kinds of transit, including water, air, road, rail, registered post parcel, and courier.
Types of Cargo Protection
Cargo policies can be written for international and domestic transit. However, it’s difficult to standardize the coverage without coordination from countries and states. Due to the variations with insuring cargo, it can be categorized into the following:
- Land Cargo
- Marine Cargo
- Open Cover Cargo Policies
- Specific Cargo Policies
- Contingency Insurance Policy
