- Single Cargo Shipment Policy;
Single Cargo Shipment Policy is mostly used from owner-operators and from small business companies. This policy will cover your shipment from the pickup point-through the entire process of transportation-up to the delivery point. This cargo insurance will offer you coverage only for one specific shipment.
What Is The Regular Price Of Cargo Insurance Cost
As you already know and as you have read in the introduction of this article cargo insurance is a “must” if you want to have a backup plan in case of damage and I bet that none wants to have damaged loads. Thereupon when choosing cargo insurance the most important key point is to choose the insurance company which provides the insurance Policy that can meet your needs.
Henceforth, knowing your cargo is crucial when looking for cargo insurance policy that is so because you might find yourself overpaying for it or getting the wrong policy that actually cannot meet your needs.
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Later on when in the process of choosing cargo insurance policies you will notice that the regular price of the policies varies a lot dependently from the insurance company. There are cargo insurance policies that include provisions for the loads and that is the reason of the price difference.
As an illustration I have made the following table- in this table you can see the average basic coverage rates for domestic shipments that take place in USA daily.(These prices are being calculated in %)
