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Why You Need Cargo And Truck Insurance

Some of the ways goods can be damaged are through natural disasters, collisions, fires, mishandled, and storms. When cargo is in transit by road, rail, water, and registered post parcel it can be covered by a cargo insurance. Getting cargo insurance means that you will be protected from any financial loss as a result of storms, fires, mishandling or collisions.

Most companies cover themselves against financial loss by taking cargo insurance from when goods are being stored, in transit and until they reach the buyer.

Shippers need to put the proper documents in case of any losses, damages, and dispute. Shippers should go through their policies with insurance agents and lawyers to understand what extent their cargo is covered. Insurance companies offer international transportation cover or domestic transportation cover.

Types of cargo insurance include land cargo insurance and marine cargo insurance. Companies who wish to transport their goods through land can take the land cargo insurance which covers trucks and utility vehicles. In this insurance the policy covers theft, any conditions that lead to damages, and other risks that are similar to these.

Marine cargo insurance is for transportation that is either by air or sea. In marine cargo insurance, the means of transportation and goods are covered from damage due to storage, weather conditions, pirates among other issues. The difference between land cargo insurance and marine cargo insurance is that land is domestic while marine cargo is international.

Companies who wish to take up marine cargo insurance to cover their goods are offered specific cargo policy, contingency insurance policy, and open cover cargo policies by the insurer.
In some cases, a company may want to ship only one particular consignment and they can cover this using a specific cargo policy. An open cover cargo policy covers against many consignments. Customers may refuse to take good that are damaged and this can be a loss for the seller and so a seller may choose to take a contingency insurance policy to cover this.

Types of truck insurance coverage includes physical damage, property coverage, general liability, workers compensation, motor truck cargo, occupational accidents, contingent cargo, and primary liability. Insurance for trucking transportation covers dump trucks, container haulers, straight trucks, tractors, car carrier operators, trailers, hotshot operators, local operations fleets, and agricultural haulers.

Programs available for truckers according to their different needs include large fleet insurance cover, flatbed truck insurance, hazmat truck insurance, agricultural truck insurance, car carrier insurance, small fleet insurance and container insurance. Insurance covers are flexible with different prices available for different programs that suit transporters and companies. In case one wants to look at their insurance certificates, they can find them online.

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