One of the most common questions we get is:
“What’s the difference between Total Loss and All Risk marine insurance?”
The short answer is that All Risk gives broader protection, while Total Loss is more limited.
Total Loss insurance mainly covers major disasters during transit. For example:
- the vessel sinking
- fire or explosion
- a major accident
- cargo being lost overboard
- serious transportation accidents
What it does NOT cover is normal damage to individual items.
So if a few dishes break or a table gets scratched, Total Loss insurance would generally not apply.
All Risk insurance is broader. It includes coverage for many types of physical damage during the move, subject to the policy terms and conditions.
There are also some other important differences.
For example:
- Total Loss has no deductible
- All Risk has a $250 deductible
Pricing is different too:
- Total Loss costs about 1.5% of insured value
- All Risk costs about 3% of insured value
Another important detail is packing.
If you self-pack your shipment, only Total Loss coverage is available. All Risk coverage requires packing by Aliyah Lift Shipping.
Neither option is “right” for everyone.
Some families simply want protection against catastrophic loss and prefer the lower cost of Total Loss insurance.
Others want broader peace of mind and choose All Risk coverage for additional protection.
The important thing is understanding the difference before your shipment moves overseas.
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