What is Cargo Insurance?Cargo insurance protects against losses or damage during shipping domestically or internationally by land, air or sea. The insurance covers the cargo itself whether the goods are raw materials or finished products and any packages and containers used to transport them. The insurance company would reimburse the policyholder for the value of the goods if they incur damage or perish while in the hands of the shipper. These covered events are usually natural disasters, vehicle accidents, cargo abandonment, customs rejection, acts of war, and piracy.
Cargo Insurance Benefits?
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