1. Reduce Cargo Insurance By Avoiding Claims
Source: ww.turktransport.com
Reducing Cargo Insurance by the means of avoiding claims is one of the most effective ways in decreasing the insurance price. Thereupon freight insurance claim is the legal demand of the shippers and the users if there are any load damages. Freight claims or cargo claims take place if some of the loads have been damaged, therefore most of the claims that took place in USA in the past year have been caused due to:
- Transit Issues- 62% of claims that were filled were due to theft in transit;
- 54% of the claims have happened due to theft from contractor’s premises;
- 47% of the claims were because of building fires;
Moreover there are few elements that the customer has to fulfill in order for him to be able to fill claim. First of all it should be identified that the loads have been damaged and an investigation should take place, so that the damage can be stated. Only after the damage has been stated only then the payment must and should be made.
Source: www.linkedin.com
In the meantime- if you want to reduce the cargo insurance price consider doing it by avoiding claims, and you can do that in many ways. In order for you to avoid transit issues you should:
