Total Loss & All Risk Insurance
Because accidents happen.
All Risk Insurance
Total Loss Insurance
Total Loss insurance is available for any and all shipments.
Total Loss insurance covers the following conditions:
Loss of or damage to the subject-matter insured reasonably attributable to fire or explosion; vessel or craft being stranded, grounded, sunk or capsized; overturning or derailment of land conveyance; collision or contact of vessel craft or conveyance with any external object other than water; discharge of cargo at a port of distress. Loss of or damage to the subject-matter insured caused by General Average sacrifice; jettison.
There is no deductible for a Total Loss policy.
Important Insurance Information
Insurance applications must be completed and returned 2 to 3 working days before the pick up date.
Marine insurance policies cover the following time periods:
- The first 30 days from packing/pick up before being consolidated
- The period of time it’s on the ocean
- The first 30 days from when the vessel arrives at the destination port
If you plan to keep your shipment in storage longer then 30 days then an insurance extension is required to keep your policy current and valid.
If damages occur during shipping you have 30 days from the date of delivery to initiate a claim.
Great Tips on Completing Your Application
Completing your insurance application is easy if you follow our Large-Medium-Small Attack Plan. Read about it at our blog > Security with Sanity.