Cargo insurance is an insurance policy written to protect against loss of or damage to your goods while they are being transported. The policy is meant to indemnify you if any loss or damage occurred to your cargo during the transition. Cargo insurance would cover the goods being transported over sea, air and land. This coverage could also include parcel post and cargo/packages that are transported by a courier service.
Although the term “marine cargo insurance” is sometimes used, it actually includes cover for the land transit. Coverage begins from the moment the goods leave storage until they arrive at the final warehouse or destination.
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