Marine Cargo Insurance – Average

In the context of logistics, marine cargo insurance is a term signifying loss or damage to merchandise. The average insurance rate for marine cargo is 1.5% of the value of the goods being shipped.

There are a number of different types of coverage available under marine cargo insurance, including:

  • All Risks coverage, covers all risks of loss or damage to goods in transit except those specifically excluded.
  • And Named Perils coverage, which covers only the perils specifically named in the policy.
  • Coverage may also be restricted to goods in transit by land, air, or sea.

Marine cargo insurance rates will vary depending on a number of factors, including the type and value of the goods being shipped, the mode of transportation, and the destination.

For more information on marine cargo insurance, please contact your insurance provider.

Related Links

Marine Cargo Insurance – TSC Container Freight
Marine insurance
Types of cargo insurance – iContainers

Related Videos