Cargo Insurance

Cargo Insurance is a type of insurance coverage that protects goods or cargo during transportation against various risks and perils. These risks can include damage, loss, theft, or other unforeseen events that may occur while the cargo is in transit. Cargo insurance provides financial compensation to the cargo owner or consignee in case of any covered loss or damage, helping them recover the value of the goods. The coverage and terms of cargo insurance can vary, and it is essential for shippers and consignees to understand the scope of coverage, limitations, and exclusions before arranging transportation. Cargo insurance is commonly used in international trade and for valuable or high-risk shipments.