Cargo Insurance

Cargo insurance is a type of insurance that provides coverage for loss or damage to goods or merchandise while it is being transported by a carrier, such as a hot shot trucker or a freight company. This insurance is typically purchased by the shipper or owner of the cargo and can protect against a range of risks, including theft, damage, and loss.

Cargo insurance can cover a variety of types of cargo, including general merchandise, raw materials, equipment, and more. This insurance typically covers the cost of repairing or replacing damaged or lost cargo, as well as any legal or liability expenses that may arise from a covered incident.

There are several types of cargo insurance policies available, including all-risk policies, which provide the broadest coverage, and named-perils policies, which provide coverage only for specifically listed risks. The amount of coverage provided by a cargo insurance policy can vary depending on the value and nature of the cargo being transported, as well as other factors such as the mode of transportation and the destination.

Cargo insurance is important for shippers and business owners who rely on transportation services to move their goods or merchandise. By having this insurance in place, they can protect their assets and minimize the financial impact of cargo loss or damage.

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