Transport insurance covers properly packaged goods during transport.
Insurance is available for a wide range of goods, with some exceptions like bulk items, jewels, or weapons, which are not covered.
Reach
-Door to door
-All risks
-No deductible (*)
-Loading and unloading
-Intermediate warehousing
-Large-scale damage
-Covers all risks to goods during transport, as long as the insurance period lasts, except:
- War or the like
- Strike
- Confiscation, withdrawal or any other intervention by authorities
- Financial loss
(*) Exceptions may apply. Please consult.
Duration
Insurance coverage starts the moment the goods are picked up at their point of origin.
Insurance coverage ends when the goods arrive in their final destination as specified by the recipient. |
Full Coverage
-Applies to all goods in general, new and in a closed CTN.
-No deductible.
Stranding Coverage
-Applies to used goods in an open CTN
-Covers burglary or total loss
Raw Hides
-Europe/USA: Door to door
-Other countries: Port to port
- Airport to airport
Pre Shipping Survey
-Computers
-Cellular phones
Land Route Coverage inside
-Mexico and Brazil
Coverage of Perishable Items
-Covers interruptions in refrigerated transport
Deductible (exceptions)
-Personal items
-Assembled furniture
-Paper rolls
-Drinks
Processed Leather
-Door to door
Armed Custody
-For quantities greater than USD 40.000
-For auto parts
-Tires
-Computers
-Perfumes/Cosmetics
-Textiles
-Medicines
-Electronics (Audio- Video- TV)
-Cellular phones
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Perishables
All goods undergo risk during transportation, but perishables have the additional risk of temperature fluctuations. Our insurance covers all risks of perishables all the way to their final destination.
Perishability
Perishable goods, as the name implies, are due to "perish" at a given time. This time period may pass even if the goods do not suffer temperature fluctuations. This time period is determined by the goods themselves and is known as "the goods' own nature". This is not a risk, but an inevitable event. This must be kept in mind when buying insurance for perishables, because such insurance covers interruptions in refrigeration but not events due to the goods' own nature. This is standard practice in the industry; no insurance policy covers this, even if it is not explicitly written in the policy.
Delays in transportation
Another risk to perishables is delays in their transport. So that this risk gets covered by insurance, it must be properly written down in the transport document, so that the main carrier may take all necessary precautions to avoid delays. Often the quality of the goods is affected during the legitimate transport period due to the goods' own nature. It is important to take into consideration all risks goods are subjected to, including untimely arrival and interruptions in refrigeration, in addition to theft, accidental collision, fire, lightning, explosion, earthquake, tsunami and other natural phenomena.
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