shipping insurance
Transit loss coverage
Shipping insurance is coverage that compensates for loss, damage, or theft of goods during transit.
Sellers or buyers purchase it to protect against packages that arrive broken or never arrive at all.
Standard carrier liability often covers only a fraction of an item's value, making additional insurance worthwhile for expensive shipments: I always add shipping insurance when sending jewelry.
- air freightGoods shipped by aircraft
- LloydsLondon insurance market
- lossBeing without something
- accidentsUnintended harmful occurrences
- liabilityLegal or financial obligation
peace of mind · insurable interest · theft · premium · salvage · maritime law · high seas · container ship · cargo hold · deductible · underwriter · policy · fine print · claim · subrogation · piracy · claims processing · lost at sea
- Lloyd's Insurancesyndicates, underwriters, box, slip, brokers