Aircargo insurance
Air cargo insurance is a type of insurance that provides coverage for goods or merchandise while they are being transported by air. It protects against risks such as damage, loss, or theft of cargo during transit. Air cargo insurance can be purchased by the shipper, the consignee, or the carrier, depending on the terms of the shipping contract.
Similar to other types of freight insurance, air cargo insurance can vary in coverage and cost depending on factors such as the value of the goods being shipped, the route of the flight, and the level of risk associated with the transportation process. It typically covers the full value of the cargo and may include coverage for risks such as accidents, theft, fire, and damage caused by handling or environmental factors.
Air cargo insurance is essential for businesses involved in international trade or shipping high-value goods by air, as it provides financial protection in the event of unforeseen circumstances that could result in loss or damage to the cargo. Having adequate insurance coverage helps ensure that goods arrive safely at their destination and that any losses incurred during transit can be compensated for.