Often, customers have a question, is cargo insurance necessary? On the one hand, any troubles happen extremely rarely, and insurance costs are not always appropriate, but on the other hand, in the event of an insured event, you can return up to one hundred percent of the value of the cargo. If there is no insurance, all savings on it will be nullified by large financial losses associated with the loss of goods.
Features of cargo insurance
Cargo insurance is an important, at the same time, rather complicated point, which must be taken into account by the organizer of transportation. The choice and offer of the optimal insurance service lies with the carrier company. Insurance should not be too expensive, as the investment in it must be justified. Compensation cannot always cover the material losses of the customer, because the company is partially liable, it all depends on what funds the carrier himself can invest in the development of insurance.
For example, the capital of the company M & M exceeds 7.5 million euros, due to this amount it is possible to cover one hundred percent of the costs in the event of the loss of the cargo. That is why it makes sense to apply to large companies that can ensure the fulfillment of obligations in an insured event. In such companies, additional insurance of goods is possible, due to which it is possible to cover all costs in case of loss or damage to the goods.
Cargo protection is not exactly insurance activity, but large companies can provide it. This is relevant in the following cases:
- You are transporting some particularly valuable commodity, such as precious metals.
- The path runs through dangerous areas where there is a risk of attack on the transport of intruders.
- Other reasons for requiring control over the property being transported.
A large carrier can organize armed guards for cargo by contacting the fighters of government units that provide such services. Private individuals, as a rule, cannot hire military personnel on their own.
When choosing a company, you should also pay attention to the principle on which insurance is issued. It must meet international standards, otherwise it will be difficult to recover money. It is important to carefully read all the points, there should be a transcript for abbreviations, important points. If you are not very good at this, it is better to let a trusted lawyer study the documents or contact a reliable logistics company that works as transparently as possible.