Transport Insurance

Insurance is compensated by the company undertaking this work in return for a fee (premium) for risks that are likely to occur and can be measured in money.

Transport insurance, on the other hand, is to cover the risks during shipment after the goods and cost are determined between the seller and the buyer. In other words, it is a type of insurance made against the loss, damage and damage that the transported commercial goods may encounter during transportation.

The document showing that the property is insured is the insurance policy.

Insurance policies carry the risks of one-time transportation and can also cover the risk of all shipments within the year.

Policy Types

Definitive Policy: It is the definitive policy that includes all the necessary information when making a transport insurance contract.
Temporary Policy: These are the policies that are given a guarantee on the condition that some information about the shipment is missing and that the deficiencies will be reported later.
Insured Risks

Narrow Guarantee: It covers the physical events such as the crash of the transport vehicle, its burning, overturning, running off the road, the loss and damage of the goods as a result of natural disasters, the risks of the expenses made to save the goods on the ship. Narrow coverage is not given only for air transport.
Wide Coverage: (ALL RISKS) It is valid for all types of transport. It covers all risks that occur during the transportation, loading and unloading and storage of goods.
Force Majeur: It is valid if there are risks arising from war, strikes, lockouts, disorder and public movements in the areas where the transport will be made.
Features of Transport Policies

Shipping premiums are paid in advance.
There is no cancellation in the transport policy, but it must be determined that the goods have not departed.