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Cargo Insurance
Provides coverage against all risks of physical loss or damage to freight during the shipment from any external cause during shipping, whether by land, sea or air. Different types of cargo insurance policies available for transporting goods by land, sea, or air.
How does cargo insurance work?
Motor Truck Cargo insurance (Cargo) provides insurance on the freight or commodity hauled by a For-hire trucker. It covers your liability for cargo that is lost or damaged due to causes such as fire, collision, or striking of a load.
The difference between marine and cargo insurance
Inland transit insurance policy provides cover to the insured's business goods or personal belongings while being transported by land. Marine Cargo policy covers the cost of damage to goods that are imported or exported to/from the nation as well within the national boundaries through any means of transport.