Cargo Insurance B
Cargo damage can have significant financial consequences, making it essential for companies and individuals to carefully consider insurance for goods in transit.
Information regarding the insurance
What type of insurance is this?
Cargo Insurance B covers damage to goods during transport, caused by events listed in the terms.
What is covered? | What is not covered? |
|---|---|
| The insurance covers damages to the product in transit: | The insurance does not cover damages caused by: |
If it is damaged in a fire or an explosion. | Intent or gross negligence by the insured party. |
If a ship or transport vessel runs aground, sinks, or capsizes. | Normal leakage, shrinkage, normal wear and tear and corrosion |
If it is damaged due to earthquakes, volcanic eruptions or lightning strikes. | Delays, even if they were caused by a compensable damage. |
If sea water or fresh water from a lake or river enters a transport vessel, containers, or storage space. | Internal damage to the product. |
Any limitations on what the insurance covers?
The insurance never compensates for damage caused by a ship or other vessel being unfit for the safe transport of goods.
Where is the insurance valid?
The insurance is valid for transport between the locations specified in the insurance policy.
What responsibilities do I have?
You must report any damage as soon as possible and no later than one year from the date of the damage.
You must ensure that all the information in the insurance policy is accurate.
You must inform us of any changes in your address, telephone number, and email address.
You must follow all the precautions in the terms of the insurance policy.
When and how do I pay the premium?
The premium must be paid on the due date. When the insurance policy is issued or renewed an electronic claim is created in your online bank. You have the option to distribute the premium payments by:
Credit card payment, where the premium is charged monthly to a credit or debit card.
Direct payment, where your bank account is debited monthly.
Corporate distribution, where the premium can be paid in monthly payments.
When does the insurance start and when does it end?
The insurance cover starts as soon as the transport starts and is valid until the product has reached the destination specified in the insurance policy. The insurance ends no later than 60 days after the product has reached the specified destination.
How do I cancel the insurance?
Individuals and companies with fewer than five full-time positions can cancel the insurance at any time and it will expire at the end of the following month after the cancellation is received. Other companies can cancel their insurance one month in advance before the end of the insurance period.
The cancellation must be in writing, for example with an electronic signature.