
Interesting Facts About Cargo Insurance
Did you know that cargo insurance covers not only the loss of goods but also damage that may occur during transportation?
For example, when insurance is arranged on “all risks” terms, it compensates for losses caused by almost any circumstances, including natural disasters, transport accidents, or third-party actions.
Here are a few key aspects you should know:
- Who can insure cargo?
Cargo can be insured by an individual or a company that has an interest in the safety of the goods, including owners, transport companies, freight forwarders, or even the buyer of the goods.
- What risks are covered?
Insurance can cover all risks, including damage caused by fire, storms, floods, and unlawful acts (such as theft or vandalism). It is also possible to choose more limited coverage for specific risks.
- Policy duration:
The insurance contract may be valid for a single shipment or for up to one year, depending on the client’s needs and the type of transportation.
- Additional conditions:
For example, insurance rates may be reduced if the cargo is accompanied by security or transported in sealed containers, which lowers the risk of damage or theft.
Cargo insurance is not only about protection against potential losses but also about peace of mind at every stage of transportation. With it, you can be confident that your cargo is safe, no matter what happens along the way.
Learn more about the insurance products offered by Kazakhmys Insurance Company by calling 2090 (free from any mobile operator).
