Goods in Transit Insurance
The possibility of goods being damaged in transit is ever increasing. Long journeys,
relocation and storage of cargo, bad weather and other natural disasters may all
contribute towards partial or total shipment damage or theft. Your goods can be
protected against these risks by a number of insurance covers.
Euroherc offers two basic types of goods in transit insurance contracts:
- Individual contracts - for the insurance of individual shipments specified in the
contract and transported via a specific route. For this purpose, the insurance contract
or policy contains all relevant data about the goods, the insured route, the vehicle,
the departure date, etc. In international transport, there is usually a single insured
amount which, in addition to the value of the goods, covers freight, insurance and
other expenses, as well as the expected profit. Customs duty expenses may be insured
separately. Based on the data obtained from a quote, the insurer estimates the risk
and determines the insurance premium. The insurance contract is signed before the
start of the journey. For each insurance type, a separate policy is issued.
- General contracts - for a larger number of successive shipments, which are only
generally outlined in the contract. For example, a general contract may be used
to insure all shipments of the policyholder which: are transported within a specific
period; on a specific route; by a specific vehicle, etc.