Kinds of cargo insurance:

Cargo insurance provides Land Cargo Insurance and Marine Cargo Insurance.

• Land cargo insurance provides exposure for all the land transportations covering trucks and other usefulness vehicles. This provides coverage from the risks such as collision damages and from goods been stolen.
• Marine Cargo Insurance This insurance provides coverage on transportation carried out either in sea or by air. Here, goods are covered from damage due loading and unloading of cargo, weather unforeseen events, robbery of ships and other related issues.

Why to use Cargo Insurance:

Following are some of the reasons you need cargo insurance for your shipping.

• Reduce possibility to Financial lose If you’re exporting something and have not paid for the cargo at the time of delivery, or you’re an importer who has paid for all or for some part of the goods earlier to receiving them then there is a risk of suffering from financial loss if the goods are damaged or lost during transportation. Here cargo insurance will help you.
• Accelerate the speed of your cargo Sometimes you may be essential to send a cash deposit in order to attain discharge of your cargo. Still there was no loss or damage to your cargo. But by insured of cargo insurance, your insurance company takes the responsibility and accelerates the release of your goods.
• Saves you from cargo robbery Cargo robbery is on the rise, especially through character theft and fabricated pickups. So cargo insurance covers you from happening of this disaster.