Factors to consider before using Air Freight Insurance
Main types of Air Freight Insurance Coverage
An “All-Risk” insurance policy is the most extensive one as it provides coverage for many aspects, in the case where there is loss or damage caused by external factors. Some aspects that are covered would include collision, explosion, leakage and breakage. However, not all perils are covered – some of the excluded ones are improper packing, rejection of goods by custom authorities as well as used goods.
FPA is applicable to certain products such as used goods and waste materials. FPA covers partial and total losses and its coverage include sinking, burning, explosion and so on. Unlike “All-Risk” Coverage, however, FPA does not cover losses due to leakage and breakage, for example. Losses resulting from heavy weather are only covered when there is a partial loss.
WA coverage is an extension of FPA coverage such that it includes losses due to heavy weather. Both FPA and WA can be further extended to include other coverage such as theft.
Why purchase Air Freight Insurance?
Customer as Priority
As your ideal air freight forwarder, M&P International Freights strives to provide quality and packaged services as service excellence is their priority.
M&P is a reputable company that has established wide connections, guaranteeing customers an effective route at cost-effective prices.