How do I determine how much I should insure my goods for?
Under a cargo policy, you would usually value goods at the invoice cost, freight charges and an additional percentage of the total of those amounts (normally 10%). The additional percentage accounts for charges that may be incurred during shipping but aren't known at the time of booking.
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Related FAQs
What is General Average? If my goods aren't damaged why might I incur a loss? Will Zurich Insurance appoint a surveyor on my behalf in case of cargo damages? Why would I worry about the safety of my cargo when shipping with a trusted carrier like Maersk? As a customer shipping dry commodities, I would like to know what kind of risks are covered by the insurance? Where can I get a quote for the Cargo Insurance premium? Can I buy cargo insurance as a private individual shipping personal effects? Do I need to fill a special form to purchase the cargo insurance? If I already have a shipment with Maersk, can I buy insurance for it? When I add Cargo Insurance to my booking online, how will I receive my insurance policy Schedule? I added insurance at the time of shipment but would like to cancel it while keeping my shipment with Maersk. Is it possible? I added insurance at the time of shipment but would like to cancel it while keeping my shipment with Maersk. Is it possible? Can I buy insurance for cargo from and to all locations globally?New to Maersk.com?
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