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Cargo insurance coverage guide

  • Author:Yang Chen
  • Release Date:2014-04-21
 Cargo Insurance is a variety of goods in transit as the subject matter insured insurance. When the consignor or other stakeholders have a need to buy cargo insurance, the insurer shall apply the following steps:
First, please contact the respective business outlets Lu'an PICC P & C insurance belongs to contact or consult;
Second, select the desired use of the terms
(A) import and export cargo insurance:
1. Marine cargo insurance policy, war risk clauses, strike insurance terms
2 overland transportation insurance clauses, war risk clauses, strike insurance terms
3 air transportation cargo insurance clauses, war risk clauses, strike insurance terms
4 parcels insurance terms, war risk clauses
5 Marine Transport refrigerated cargo insurance clauses
6 sea, land, air transport insurance provisions of live cattle, poultry
7.ICC (A), (B), (C) and war risk, strikes Clauses (London association terms United Kingdom)
(B) Domestic Cargo:
A domestic waterways and cargo insurance terms
2. Domestic rail cargo transportation insurance policy
3. Domestic road freight transport insurance policy
4. Domestic cargo transportation insurance policy
5 domestic air cargo transportation insurance clauses
Third, please fill in the application form under the guidance of the clerk, such as import and export business, are required to provide letters of credit, bills of lading, invoices, packing lists, dispatch notifications, information and risk assessment, to fill in the application form include: Insurance Name of the subject, the subject matter of insurance package, the weight of the subject matter of insurance, the number of the subject matter insured, with coverage, terms of use, means of transport, such as ships, trains, cars, airplanes, etc., which, if the ship transportation, bulk cargo to be provided name of the ship, ship age, ship classification and other information, such as whether the container shipping transport, LCL container transport, bulk cargo, general cargo and so on.
Fourth, determine the amount of insurance
Import and export cargo insurance generally in accordance with the invoice price plus 10%.
Domestic Cargo insurance amount is determined by the insurer or the insured value determined in accordance with mutual consultation. Insurance value or purchase price purchase price plus transportation charges OK.
If a single insured insured different price, different name of goods, insurance shall be separately identified and, if necessary, fill insured list, fill in the total amount of insurance at the same time.
Fifth, to fix rates
Insurance companies will be based on the nature of the goods covered; according carrying cargoes; according to loading and packing of the goods covered; according to the voyage and cargo underwriting FOB port (ground) and the port of destination (to) the management of the case; based on competitive markets, such as all kinds of situations to develop rates.
Sixth, the deductible Conditions
Depending on the nature of the goods covered, packaging, shipping, port management is good or bad, set the franchise.
Seventh, the insurance company will Shanzhi policy based on the above conditions, the insured pays a premium insurance policy issued to the insured. In particular, note that if the arrangements for transport of goods in accordance with the letter of credit, the insurance company will issue a policy in accordance with the letter of credit requirements.
Eighth, there are many times throughout the year such as the transport of goods, and the insurance are ready at the same insurance company, you can choose to use a convenient appointment-insurance, that way the whole year using contract freight transport are all included in the insurance coverage, of course, In this way due to the cost of reducing the cost of the exhibition industry, such as insurance companies, comparing a single individual can obtain more favorable insurance rates.