Goods transit insurance or cargo insurance is a contract that is concluded between the goods transport companies and the applicant for sending goods from one point to another in relation to the transport contract, and according to this official contract, the insurance companies undertake to receive Freight insurance premium, by the insured, in case of damage to the property, and also, third parties, to compensate the damages caused.
In fact, if during the transportation of the goods from the origin to the desired destination, serious damage is caused to the cargo and causes a lot of damage, the cargo transportation insurance policy, with different coverages that are provided according to the types of cargo insurance policies has done, can compensate the costs related to the damages.
It should also be noted that the goods transit insurance policy is divided into several general categories and each of these categories has different sub-sets. Therefore, in the following, the necessary explanations are given regarding the types of cargo insurance policies, based on the type of goods transportation, geographical areas and coverages of this insurance policy.
Goods transportation insurance policyThe goods transportation insurance policy is divided into four categories based on the type of transportation of goods, which include land, rail, sea and air. In each of these types of insurance, the insurer is obliged to cover the damages caused to the goods during compensate for shipping.
Goods transportation insurance policy according to geographical areaCargo insurance, depending on the geographical area, is also divided into several general categories, which include export, import, domestic and transit cargo insurance. They offer a variety
Goods transportation insurance policy based on different coveragesCargo insurance policies are divided into several categories based on different coverages, which include cargo insurance with the conditions stipulated in A B C groups, as well as customs and internal insurance policies, and these insurance policies provide related coverages for the transportation of goods