Cargo Insurance

TYPES OF COVERAGE WE OFFER

 
Damaged-containers
    • Ocean and air freight policies
    • General average
    • Stranding, sinking, burning, and collision
    • Heavy weather
    • Faults in the management of the vessel
    • Strikes, riots & civil commotions (SR & CC)
    • Pilferage, leakage, breakage, and rough handling
    • Explosion
    • Jettison
    • Improper stowage by the carrier
    • War policy

    Get in touch with our insurance expert to know more about how cargo insurance can help you and inquire about coverages and premiums.

INSURANCE COST pennies per $100 of value

For example, if your goods were valued at $50,000, your insurance cost would be around $250. While some goods have a deductible that must be met before insurance can be collected, most do not.

Contact our Agent and get a Quote

Our insurance experts can discuss your policy coverage for specific commodities or regions.

Why You Should Purchase Extra Cargo Insurance

    • Purchasing additional cargo insurance is the best way to protect your shipments as it can cover the full cost of the cargo regardless of carrier liability.
    • Although shipping companies are required by U.S. and international laws to carry a certain minimum amount of cargo insurance, it only covers a meager dollar amount, most freight has a much higher value than these rates below, without the proper insurance, you could lose a big part of the value of your cargo.
        • Ocean carriers: even if you prove they are legally liable, their limit of liability is $500 USD per package or customary shipping unit, or the actual value of the goods, whichever is less.
        • Air freight carriers: are only liable for 19 SDR per kilo (approx. $24 USD).
        • There is no requirement to buy cargo insurance. However, it is highly recommended so you can better protect your goods from exposure to risks – some that could be catastrophic. That’s why it is important to weigh the low cost of insurance with the potential losses and collateral damage that could occur without insurance.

INSURANCE Articles

 

Reasons to choose a US-based vs a Foreign-based Forwarder

Choosing the right freight forwarder is a critical decision. The choice between Cost of goods, Insurance Freight (CIF), and Free on Board (FOB) shipping terms often determines what type of forwarder you’ll use.

What Shippers Should Consider Before Using Air Freight

Everything importers and exporters need to understand before shipping their cargo via air freight.

A Refresher on General Average and Why Shippers Should be Knowledgeable and Prepared

General Average applies liability for the loss proportionally to all shippers according to the percentage of the overall ship’s capacity. Cargo insurance offers substantial protection in situations involving GA.

Dedola Offers Freight Forwarding Services In and Out of Europe

Dedola is a leading freight forwarder with an unmatched and reliable network in Europe.