How to choose cargo insurance accordingly
In the process of logistics transportation, cargo insurance must be mentioned. Goods insurance is based on logistics goods as insurance tender, which can ensure that goods are safer in the process of transportation and minimize risks. So the question is, how can we buy insurance? How should we choose and buy cargo insurance? The basic principles of cargo transportation insurance are the principle of utmost good faith and the principle of insurable interest.
The basic principles of cargo transportation insurance are the principle of utmost good faith and the principle of insurable interest.The purchase process and insurance-related matters are roughly as follows:
First of all, we need to consult with the insurance salesman.
Second, choose the insurance clauses to be used, including import and export cargo insurance, China’s domestic cargo insurance, etc., of which import and export cargo insurance also includes marine transportation, land transportation, air transportation, parcel post insurance clauses, marine transportation of refrigerated goods, live livestock and poultry marine, land and air transportation insurance clauses, etc.; China’s domestic cargo insurance includes domestic waterway, land cargo transportation, domestic railway cargo transportation, domestic road cargo transportation, dome sit should be noted that tic air cargo transportation insurance clauses, etc.Then, submit the information required for application and determine the total amount of application. Finally, calculate the insurance cost and deductible(According to the nature of the insured goods, packaging, ship, port management is good or bad, set free odds.), and formulate a policy.(From the trend encyclopedia)
When taking out insurance, we always hope to find a balance between the coverage and the premium. To do this, we must first evaluate the risks we face, identify which risks are the greatest and most likely to occur, and weigh them with the insurance rates of different types of insurance.
The subject matter insured by the insurer is the object to be protected by the insurance. However, what the insured (policyholder) is insured for is not the subject matter of the insurance itself, but the interest the insured has in the subject matter of the insurance, which is called the insurance interest. If the applicant has no insurable interest in the subject matter of the insurance, the insurance contract is invalid.
International freight insurance, like other insurance, the insured must have an insurable interest in the subject matter insured. This insurable interest is reflected in the ownership of the subject matter insured and the risks it bears in international freight transportation.The correct choice of cargo insurance should also consider geographical factors, such as goods to the Philippines, Indonesia and India. Due to the chaotic situation and relatively high risks at the local docks, TPND and short-term insurance should be selected as additional risks, or all risks should be covered altogether.
Although the insurance company will be responsible for claims for losses caused by risks, the owner of the goods takes time and effort in the process of claims, which is also a big price. But it should be noted that it is very necessary to be aware of the risks and take some preventive measures on the basis of insurance.