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.
Related FAQs
Are 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 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?New to Maersk.com?
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