The company Mothold provides insurance services for all types of cargo, as well as liability insurance for cargo owners during delivery across Europe
International cargo transportation is a long journey that is very unpredictable. Anything can happen, starting from an accident, a natural disaster or a banal human factor. Having an insurance contract will allow you to protect yourself, your rights and the delivered goods.
The cargo insurance policy applies to all products delivered by us, regardless of type, weight, dimensions, as well as to all types of delivery – road, rail, sea and air transportation.
Each client receives an official contract, which details the situations covered by the insurance. Our task is to help you minimize losses in case of damage to the product. By contacting us, you can be sure that international cargo transportation to anywhere in the world will be carried out in complete safety.
There are various adverse effects that can happen to the cargo:
No matter how reliable the carrier may seem to you, no one is immune from force majeure situations. Therefore, we always recommend our customers not to ignore the insurance service in order to be 100% sure of safety and timely delivery.
The following must be specified in the insurance contract:
When concluding a cargo insurance contract, it is important to pay attention to a clear formulation of the conditions in order to avoid possible litigation in the event of delayed compensation payments in the event of insured events.
Insurance companies use a tariff schedule to calculate the cost. The route, type of transport, and package availability are also taken into account. The average cost of insurance ranges from 0.05% to 0.3% of the declared value of the cargo.
The insurance price depends on the nature of the cargo. The lowest rate is applied for goods with minimal risk of damage (for example, stone, metal). If the cargo is fragile (for example, glass), insurance will cost more.
Some types of cargo require special clearance. These include jewelry, precious stones, cash, works of art, weapons, goods with excise stamps, plants and animals.
The territory of insurance is understood as the country or group of countries through which the cargo route passes. Cargo insurance covers not only transportation, but also the stages of transshipment and temporary storage in transshipment warehouses. In this case, insurers take into account possible natural disasters, conflicts and riots in the transportation area. For example, it will be cheaper to insure cargo shipped from Europe or North America than to insure cargo transported through Asia or Africa.
Stay updated with news and useful information about the organization of international freight transportation. We provide articles, regulations, forms, and instructions for completing them to help you understand the details and nuances of organizing cargo transportation processes.
