The MV Rena ran aground near the coast of New Zealand in late 2011. Don't let international shipping accidents catch you off-guard. Read on to learn more about the benefits of cargo insurance. |
What does international shipping insurance cover? It all depends on what type of insurance you decide to choose. Here are the two types of insurance available for customers shipping their cargo overseas in container, ro/ro or by air:
- Total Loss (FPA- Free of Particular Average)
- All Risk
Don't get taken out to sea if your container is lost during international shipping. We recommend our customers at the very least purchase "Total Loss (FPA)" cargo insurance. |
All risk insurance covers against the risk of physical loss or damage from any external cause. All risk has all the same coverage as total loss but also includes coverage for damage.
Always check with your international shipping company the terms and conditions of the international cargo insurance policy. When shipping to certain destinations you should also ask if your cargo insurance policy covers against the risk of wars, strikes, riots or civil commotions.
When shipping internationally it is better to be safe than sorry. As one of the top international shipping companies in the United States, K International always recommends that our customers at least consider Total Loss (FPA) Insurance. In the game of life, anything is possible, and you should try to be prepared! For more information on our international shipping insurance or to receive international shipping quotes contact us at: inquiries@kinternational.com. We can also be reached by phone at 212-267-6400 or Skype: kinternationalny. Don't forget to also ask us to quote for international shipping cargo insurance!