What is Cargo (Goods)Insurance?

 

Cargo (Goods) insurance is a type of insurance that provides protection against risks such as damage, loss, or theft that goods may encounter during transportation. It ensures the protection of goods in road, air, sea, or rail transportation and offers significant security, especially for commercial businesses.

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Cargo (Goods) insurance protects your goods throughout the transportation process. The main risks covered are listed below.

Crushing, Breaking

Wetting by Rain or Seawater

Missing Goods

Theft

Damage During Loading, Unloading, and Transshipment

Bursting or Tearing of Sacks

Earthquake and Volcanic Risks

Fire or Explosion

Sinking, Running aground, Stranded, Capsizing of the Ship

Collision with an Object Other Than Water

Loss or Damage Reasonably Attributable to Unloading Cargo at the Port of Danger

General Average

Throwing Cargo Overboard

Being Swept Ashore by Waves

Cargo (Goods) insurance protects your goods throughout the transportation process. The main risks covered are listed below.

Fire or Explosion

Sinking, Running aground, Stranded, Capsizing of the Ship

Collision with an Object Other Than Water

General Average

Jumping Overboard

Sailing Costs

Unloading Cargo at a Port of Danger

Damage to goods transported as a result of an accident such as fire, collision, or overturning of the transport vehicle

Overflowing of rivers, floods, landslides, avalanches

Collapse of Bridges

Lightning, Explosions

Cargo (Goods) insurance protects your goods throughout the transportation process. The main risks covered are listed below.

Total and Complete Loss

Total loss covers the actual and complete loss of the transported goods as a result of the actual and absolute loss of the entire transport vehicle.

Cargo (Goods) insurance protects your goods throughout the transportation process. The main risks covered are listed below.

Sea and Air Transport

War, Strikes, Riots, Civil Unrest

Road and Rail Transport

Strikes, Riots, Civil Unrest

Advantages of Cargo Insurance

Comprehensive Coverage Options

Three different coverage options are offered: broad, narrow, and total loss. This allows for a policy tailored to your transportation conditions and risk profile.

Flexible Policy Customization

By customizing your insurance policy according to your mode of transport and risks, you can avoid unnecessary coverage and optimize costs.

Security in International Transport

Cargo (Goods) insurance covers your goods against damage and losses that may occur in road, sea, air, and rail transport, in accordance with its special and general terms and conditions.

Global Claims Agent Network

Thanks to cooperation with LLOYD’S claims agents located all over the world, fast and effective solutions are offered for damages you may encounter in international transport.

Frequently Asked Questions

What is Cargo (Goods) Insurance?

Cargo (Goods) Insurance is a type of insurance that provides protection against risks such as damage, loss, or theft of goods during transport. It offers significant protection, especially for commercial businesses, in transportation by road, air, sea, or rail.

What coverage options are available?

Broad Coverage: Covers risks such as crushing, breakage, rain or seawater damage, theft, loading/unloading damage, earthquakes, volcanic risks, ship accidents, and drifting.

Narrow Coverage: Covers specific risks such as fire, explosion, ship accidents, customer average, flood, landslide, lightning, and transit accidents.

Total Loss Coverage: Covers the total loss of goods in the event of the actual and total loss of the vehicle.

Additional Coverage: Covers additional risks such as war, strikes, and riots in sea and air transport; and strikes, riots, and civil unrest in road and rail transport.

Who is Cargo (Goods) Insurance important for?

Cargo (Goods) insurance is a critical type of insurance, especially for commercial businesses. The safety of transported goods is of paramount importance for the operational continuity and financial stability of businesses.

What Does Cargo (Goods) Insurance Cover?

Depending on the scope of your policy, Cargo (Goods) Insurance generally covers the following risks:

  • Fire and explosion
  • Overturning or collision of the transport vehicle
  • Sinking or capsizing of the ship
  • Theft, shortage, breakage, and wetting
  • Natural disasters such as floods, avalanches, and earthquakes
  • Damage that may occur during loading and unloading.

 

Additionally, with additional coverage, special situations such as war, strikes, and civil unrest can also be included in the insurance coverage.

What are the Advantages of Cargo (Goods )Insurance?

Cargo (Goods) insurance provides protection against risks that transported goods may encounter during transportation. This protects the financial stability of your business and allows you to fulfill your responsibilities to customers with confidence. It also contributes to the creation of a secure environment in international trade.

How to Get a More Affordable Cargo (Goods) Insurance?

Choosing the appropriate coverage based on the type, value, and route of the cargo, preparing a policy that covers only the necessary risks, and accurately defining its content ensures more efficient management of premium costs.

How to Get Cargo Insurance?

To obtain cargo insurance, you need to provide complete and accurate information about the type and value of the goods to be transported, the packaging method, the means of transport to be used, the route, and the date and duration of the shipment. After providing this information, you can contact our authorized agent or our Easy Line (0 850 222 8 434) to arrange the policy.

How to Purchase Cargo Insurance?

To purchase cargo insurance, you can call our Easy Line at 0850 222 8 434 or contact your nearest HDI Participation Insurance agent.

Customer Reviews

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