Cargo Coverage
The
transporter of freight and commodities assumes responsibility
for the cargo he has taken control of. The amount of that responsibility
should be clearly established and understood by both the shipper
and the transporter before the shipment is moved. This is usually
done by contract, by bill of lading, disclosure or by published
tariffs.
This insurance policy, without question, requires careful
thought and evaluation prior to purchasing. In addition,
you need to be constantly evaluating the nature of your freight
to make sure the coverage meets the demands.
Cargo Insurance may be purchased for dry freight and refrigerated
freight, including refrigerator breakdown. There is a $1,000
deductible with the exception of refrigerator breakdown which
carries a $2,500 deductible.
|