things you must know about Transport Insurance

Who needs Transport Insurance?

All cargo being transported should be insured. Whether travelling via air, sea or over land, the goods in transit are under threat of the transportation device being involved in an accident or being stolen & the cargo been lost as a result. If you arrange your transit through a freight forwarder, it is still worthwhile to compare the rates they charge you for insurance versus the rates you would be charged directly. Most often, taking your own insurance will save you on the costs of importing & exporting. 

Why should you take out Transport Insurance?

We live in a world rife with crime, changing weather conditions & less robust equipment. Add to this the human tendancy for accidents, maintenance faults, lack of care when handling etc, & the need for insurance when transporting your cargo becomes obvious. Insurance costs a fraction of the price of replacing your cargo if it is damaged or stolen. Taking out Transport Insurance is a prudent way to ensure that you will not have to pay double for cargo when it does not arrive safetly. 

How much does Transport Insurance cost?

We deal with many Goods in Transit insurers, so we will be able to find the most beneficial policy with the cheapest premiums for your cargo.

Typical claims incurred on Transport Insurance policies:

The most common claims on Transport Insurance policies involve cargo being damaged by mishandling, water seeping into boxes, entire cartons disappearing during transit or the truck carrying the cargo being involved in an accident & the cargo inadvertently being destroyed. The most expensive claims tend to be caused by the entire vessel being sunk, the airplane crashing or the vehicle being hi-jacked. 

What other insurance should be considered along with Transport Insurance?

Lots of goods in Transport Insurance policies do not automatically include cover for loading and offloading. It would be disasterous for you to have properly insured your cargo all the way to the final destination, just to have it dropped whilst being offloaded and not covered for the same. For companies that have many separate trips for their cargo to arrive at their final destination, a stock throughput policy covering the entire trip is highly advisable.

GET A QUOTATION:

Click here to send us an e-mail requesting a quote -> insurance@barrington.co.za   

We will e-mail you a quotation as soon as possible.

Contact details will be kept confidential and will not be used in any way other than as described above and will not be shared with any other parties.

Please note that we can only insure in South Africa.