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. Also, known as Freight Insurance, it covers transits carried out in water, air, road, rail, registered post parcel, and courier.
- Cargo insurance covers shipments against perils or risks that might occur during transport, whether by sea or by air.
- Different coverage is available depending on the nature of the goods, the destination and the packaging. Covers on transported goods may be on a Total Loss basis or on a wider basis up to the Full Cover.