Cargo Insurance protects your investment, and covers your goods for loss, damage or delay. Without cargo insurance, all cargo is handled, stored and carried at the shipper’s, owner’s and consignee’s risk.
It’s always best to check with your transport provider at the time you book your cargo, to discuss your options and determine what is right for you.
SOTAV provides insurance that generally protects shipments from loss, damage, or theft while in transit. This coverage is beyond basic claims insurance that may be provided, and it will reimburse for the designated value of the goods if a covered event occurs while the freight is in transit. The cost you pay to insure your items (called the premium) is generally a fraction of the actual value of the goods.
Cargo insurance policies can cover cargo carried by land, or by air and sea ( Marine Cargo Insurance)
