Transportation Insurance
Transportation insurance provides insurance coverage for the insured cargo from any material damage and risks, which may it, exposed while it is moving from one destination to another on any necessary means of transportation.
This type of insurance covers the three types of transportation:
- Land transportation
- Marine transportation
- Air transportation
Transportation insurance contracts vary according to coverage and conditions into three types:
|
Type |
Coverage |
||
|
A |
B |
C |
|
|
√ |
√ |
√ |
Fire or Explosion |
| √ | √ | √ |
Stranding or Drowning |
|
√ |
√ |
√ |
Overturn |
|
√ |
√ |
√ |
Collision |
|
√ |
√ |
√ |
Emergency discharge |
|
√ |
√
|
× |
Earthquake, Volcano, Lighting |
|
√ |
√ |
√ |
General loss |
|
√ |
√ |
× |
Water leak |
|
√ |
√ |
√ |
Cargo Fall |
|
√ |
√ |
× |
Cargo Drift |
|
√ |
√ |
× |
Loss goods upon loading or unloading |
|
√ |
√ |
× |
Theft, plunder, non-Delivery |
|
√ |
√ |
× |
Damage due to condensation or heat |
|
√ |
× |
× |
Leak, breakage or dent (due to weather conditions) |
|
√ |
√ |
√ |
Rescue, follow-up and protection expenses |