Posts Tagged ‘marine insurance’

Cargo Insurance Information

Sunday, May 30th, 2010

Cargo Insurance – Information about what it is

Cargo insurance is an insurance policy that protects you in the event off damage or loss to your cargo while being transported. It is meant to reimburse you in the event your cargo is lost or damaged. The goods listed on a cargo insurance policy would be covered while being transported via air, sea or land. This would include parcel post handled by courier companies.

Coverage Options

These are your coverage options to consider:

  • Total loss cargo insurance – As the name indicates, this policy covers against total loss/catastrophe of entire shipment.
  • All Risk – this type of insurance protects you against damage to your goods from physical, external cause including partial damage, catastrophe and theft.

What is the right amount of cargo insurance to purchase?

Traditionally, the coverage needed is based on a simple equation. The standard is to cover the invoice costs including freight plus a certain percentage above to cover your estimated profit. Usually, this amount will range from 15%-25%. The policy limit is typically the biggest shipment expected with the added freight plus the percentage of advance added.

One of the nice things about these shipment protection is that it can be purchased on an “as needed-pay as you go” basis. This is because all shipments can be reported monthly to a company and then invoiced at the completion of that specific month.

The best way to receive competitively priced cargo insurance quotes is to fill out the the simple form on We’ll search for the best matching policy for your needs, and will contact you with customized information.  The price will be based on variables such as  country of origin and destination,  mode of transportation, type of container, and the type of merchandise being insured.  Request a quick  cargo insurance quote today. – helping you sleep better at night

Sunday, May 30th, 2010 mission is to help you find the most cost efficient and reliable way to ship your cargo. By filling out our simple lead form, we connect you with cargo insurance professionals. They will be able to guide you on exactly how much cargo insurance you need.

We provide our users quotes from multiple insurance carriers and agents. Our partners can provide cargo insurance quotes on both domestic and international cargo shipping.

We hope this is the first of many times you visit Our goal will always be to help you find the best cargo insurance so you can sleep soundly at night knowing that your cargo is properly insured. Worldwide Coverage

Marine Cargo Insurance – Protecting Your Cargo by the Boatload

Monday, May 24th, 2010

When it comes time to ship your cargo, the right way to transport your cargo may be via marine cargo. Quite often, this makes a lot of sense when dealing with international shipments of goods and services.

However, when you are considering marine cargo insurance quotes, there are so many issues to keep in mind. This can make the process feel a bit overwhelming. After all, when sending your goods across the waters you are also sending it across borders. How can you be sure that your Marine Cargo insurance policy is covering all the details?

A traditional insurance policy for buildings and automobiles falls into the category of “Property & Casualty” (P&C) insurance, while insurance that protects people is called “Life, Accident & Sickness” (LAS). Many insurance agents offer those types of policies. This type of agent will not be of help. You need to deal with insurance professionals that offer “Ocean Marine” policies. They would construct a policy for your cargo being sent by ship. An “Ocean Marine” policy will also protect that same cargo if it is shipped in part by air or land.

Because of the international nature of ocean marine policies, it is important to be aware that such policy offerings are not typically regulated by local government agencies. It is critical to check out the corporation offering the coverage thoroughly, or use a respected and trusted broker or website that will do this screening for you. Getting a marine cargo insurance quote requires more in depth scrutiny than simply taking the cheapest policy offered. Whenever you sign a contract, you need to know that your cargo is adequately insured and protected.

One detail to remember when considering marine cargo insurance is the transfer of insurance and risk once the goods are delivered to the various endpoints. The Cost, Insurance & Freight (CIF) is the risk that shifts to the ship at the loading port. The Carriage and Insurance Paid To (CIP) is the point at which the insurance coverage and responsibility transfers at the depot, truck, plane, or train. You must take into consideration the entire path of the goods when determining the best marine insurance policy to choose.