Why Invest in Air Cargo Insurance?

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Different Types of Air Cargo Insurance and What They Cover
Air cargo insurance requires tailored solutions, as no single approach fits every situation. Different types of coverage are available depending on the nature of your shipment and the risks involved. Let’s explore some of the common types of air cargo insurance and what they cover to suit your business needs:

All-risk insurance: This is the most comprehensive type of insurance, as it covers almost everything that can happen during transportation. It covers everything from theft to damage caused by mishandling, accidents, etc. However, it doesn’t include war-related damages, natural disasters, or poor packaging-related issues.
Named perils insurance: Named perils insurance only covers the specific risks listed in the policy. Commonly, it includes theft, fire, aircraft crashes, etc. You can choose your coverage according to what you think can go wrong and customise your coverage protection as per your needs.
Free of particular average (FPA): This insurance covers the damages and losses only when they are severe. If the cargo gets lost or destroyed because of any incident or plane crash, then FPA will help you. FPA doesn’t provide partial damage coverage, but it can be a cost-effective option for you if you can handle some risk.
Warehouse-to-warehouse coverage: Warehouse-to-warehouse coverage new zealand mobile number list ensures your shipment is protected throughout the entire journey, not just while it’s in the air. This type of insurance is ideal if you need continuous protection, including during temporary storage or road transport.
General average coverage: This insurance coverage helps when there is a shared risk for all shippers on aircraft. For example, imagine if a part of the cargo needs to be thrown to save the plane during an emergency, so all the shippers will share the losses equally. General average coverage helps you protect yourself from having to cover the cost out of your pocket.

For sellers dealing with international shipping, air cargo insurance is a smart investment as it offers you protection and peace of mind. Here are a few reasons why you should consider one:

International shipping risks: International air shipping involves multiple parties in different stages, which increases the chance of mishaps. However, with air cargo insurance, your shipment is protected against multiple unforeseen issues that can occur during transportation, handling, or storage.