Cargo insurance is the best method to protect the value of your goods from physical damage or theft. Insuring goods can protect the value of the goods against potential losses that can happen while in transit during air, ocean, and rail shipments.
It’s important to compare the insurance costs with the potential losses and collateral damage that could occur without insurance. This shows that it is better to purchase the cargo insurance than have a serious loss without it.
Some of the most common types of damage are outside a carrier’s liability, including fire, acts of God, strikes, accidents of the sea, insufficiency of packing, and more.