What are the main exclusions under my cargo insurance policy? (Reefer Commodities)
What are the main exclusions under my cargo insurance policy (Reefer Commodities)?
Your policy contains a few exclusions, all of which are common in cargo insurance policies. For example, the insurance may not pay for loss or damage caused by:
- You intentionally taking an action that damages your goods or incurs an expense
- Wear and tear, ordinary leakage, ordinary loss in weight or volume, or inherent vice of the goods
- Delay, loss of market or consequential loss of any description
- Loss, damage or expense caused by you or your employees failing to take reasonable steps to ensure that your goods are properly refrigerated
Related FAQsAre my goods only covered for the sea voyage? As a customer shipping dry commodities, I would like to know what kind of risks are covered by the insurance? Can I buy cargo insurance as a private individual shipping personal effects? Can I buy cargo insurance for any commodity? Can I buy insurance for cargo from and to all locations globally? Do I need to fill a special form to purchase the cargo insurance? Does Maersk Cargo Insurance provided by Zurich Insurance only cover cargo, or does it also cover potential damages to the containers? How can I change the cargo value, cargo description, and origin and destination in my insurance policy schedule? How do I determine how much I should insure my goods for? How soon will my claim case be handled? How will I receive invoice for Maersk Cargo Insurance provided by Zurich Insurance? I added insurance at the time of shipment but would like to cancel it while keeping my shipment with Maersk. Is it possible?
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