In the process of shipping, there may be several reasons that affect the transportation of goods, such as natural disasters, accidents and external risks. Although the transportation cost of goods transported by sea is the lowest, it also bears the highest risk of damage to goods. For some goods with high value or easy to be damaged by moisture, once there are problems in transportation, the shipper will suffer heavy losses. Marine cargo transportation insurance can minimize the economic losses caused by the loss of goods during transportation, so it is necessary to purchase marine cargo transportation insurance for goods.
Insurance for the carriage of goods by sea is generally purchased by the carrier, or it may be purchased separately by the entrusting party as required. Marine insurance is divided into basic insurance and additional insurance, among which basic insurance includes FPA, WPA and all risks. You can decide which insurance to buy according to the value of the goods and some physical characteristics of the goods, so as to minimize the waste of money on some unnecessary insurance. For example, when transporting some paper products susceptible to moisture, W. P.A. insurance should be included in the insurance coverage. When the goods are accidentally damaged, the insurance company will judge the damage degree of the goods, such as total loss, actual total loss, unsubscribe total loss, partial loss and so on. And make compensation according to the damage degree of the goods, so as to reduce the economic burden of the owner and the shipping company. How about ping an insurance? I just sorted out the relevant contents, hoping to help you: Is China safe? Do you have any insurance recommendations?
Although paying a certain insurance premium increases the cost of goods transportation, the value and economic compensation brought by insuring a marine insurance for goods are far greater than the insurance premium. Even if damage to goods does not occur frequently, the uncertainties in maritime transport are complicated, and maritime cargo transport insurance provides certain protection for risks in the process of cargo transport, so maritime cargo transport insurance is worth buying.