781-423-3330
 ops@logiworldllc.com
Facebook
Twitter
LinkedIn
Instagram
Yelp
01
  • Services
    • Exports
    • Imports
    • Domestic Transport- LTL & FTL
    • Warehousing
    • Crating and Packing
    • Household Goods Shipping
    • Project Cargo Shipping
    • Auto Shipping
    • Motorcycle Shipping
  • Areas Served
    • New England
    • International
  • About
    • Terms & Conditions
    • Warehouse Terms & Conditions
  • FAQ
  • News
  • Contact Us
  • Custom Quote

A Guide to Insuring Your Cargo

December 21, 2020Taylor Wilson

What is Cargo Insurance?

Put plainly, cargo insurance offers protection on the goods you are shipping in the case that anything is damaged, lost or stolen. Cargo is insured for a dollar amount akin to its value so in the case that something happens to your cargo, you are compensated and able to replace the lost goods. The times that cargo is damaged or lost, it is most commonly due to a natural disaster, vehicle accident, theft, or rejection at a customs site. While each of these elements are closely monitored and ample precautions are taken to minimize the possibility of complications, these situations do happen and cargo insurance is here to protect you accordingly.

Do I Need Cargo Insurance?

Cargo insurance is very commonly used for most types of freight shipments because of the high commercial value they hold. Insuring one’s cargo is up to the party who is shipping but it is highly recommended by freight forwarders as to ensure the client will receive just payment in the event of any accident. Because there are elements that cannot be controlled throughout the shipping process, most notably being inclement weather, it is impossible to guarantee a safe delivery of every shipment so cargo insurance is highly encouraged, regardless of the overall value of a given shipment.

What Happens If I Don’t Insure My Cargo? 

If cargo is not insured, many times, it does not have a major effect on the client because more often than not, shipments arrived safely without any damage or issues. Insurance is meant to cover the client’s investment for those times in the minority; the shipments that, unfortunately, do go wrong. In such a case, the client will be returned any of the damaged cargo if appropriate but the value of the goods will be diminished significantly. 

How Can I Insure My Cargo?

You can go about insuring your cargo through the freight forwarder you’ll be using to manage your shipment. If you’re in need of a freight forwarder, LogiWorld and our team of international partners will work with you to insure your cargo shipment and get it to its final destination on time and safely. LogiWorld has no cap on insurance so even if you are shipping millions of dollars worth of cargo, we can insure your shipment with no problem. Contact us for a free quote on your next cargo shipment!

Previous post Reasons to Use a Freight Broker Next post What is Guaranteed Delivery & Why Does It Matter?

Request A Free Quote

LogiWorld Services

  • Auto Shipping
  • Exports
  • Imports
  • Motorcycle Shipping
  • Project Cargo Shipping

Recent Posts

  • What is a Freight Broker & Why Might You Need One
  • How to Keep Your Shipment Safe in the Winter Months
  • 5 Most Common Reasons for Shipping Delays
  • Air Freight Facts You Need to Know
  • 4 Reasons to Use a Warehouse Partner

Featured Export Services

  • Freight Forwarding in Cape Verde
  • Freight Forwarding New England
  • Freight Forwarder Boston MA
  • Freight Forwarding Concord NH
  • Freight Forwarding Lowell MA
  • Freight Forwarding Manchester, NH
  • Freight Forwarding New Haven CT

Freight Forwarding Services

  • Freight Forwarding Services
  • Auto Shipping Services
  • Export Services
  • Import Services
  • Motorcycle Shipping Services
  • Project Cargo Shipping Services
  • Custom Transportation Quote

Portfolio

International Household Goods Shipment Spain

International Household Goods Shipment Spain

White Glove Shipment

White Glove Shipment

Project Cargo Shipment UK

Project Cargo Shipment UK

Stay connected!

Facebook
LinkedIn
Instagram
Yelp

Contact Us

LOGIWORLD, LLC
32 Riverside Dr
Pembroke, MA 02359
781-423-3330
ops@logiworldllc.com

License Number

FMC No 025840NF

HomeAbout UsBlog
© 2018 LogiWorld LLC