FreightGuru will help you to purchase a broader shipment insurance coverage with some carriers, but at very high costs and the coverage will still be bounded by their liability and tariffs and probably based on the item weight and not the value. With contingent insurance, you run a risk being postpaid very little for your loss. What you need is primary freight insurance coverage for all types of shipments, not the limited contingent type provided by freight carriers & moving companies.

1. Freight Insurance in India: a Way of Protecting
Business
Why do you need to buy cargo freight insurance? The plain answer is: You
ought to buy cargo insurance for peace of mind. The function of this type of
freight insurance is quite clear: It covers your commercial shipment or
personal property in case of accidents when transferred by vessel, truck, train
or airplane and accidents can and do take place. During the nationwide
transport or international shipping your cargo is apparent to possible
damages & losses: piracy, tough weather, acts of God or other unexpected
situations. It was designed to safeguard the cargo owner's fiscal interests
while the cargo is in transit from the seller to the buyer. It is a very vital, but
often left out aspect of the international transaction or a simple household
goods move. It seems that people admittedly understand the grounds for
insuring their personal residency, automobile and other valuables but tend to
consider unnecessary when it comes to insuring cargo shipment. Firstly, you
may ask why you need freight insurance. That is to say, why you need
specific Indian cargo insurance, because obviously there's a legal
requirement to have basic vehicular cover to be on British roads in the first
place. Extra cover, like goods in transit lorry insurance can seem a lot of extra
hassle to arrange, and redundant cost in times when some owner operators
and haulage companies are trying hard to make ends meet, but it's worth
considering the extra security your customers will feel knowing their goods
are properly protected. Well hyped Indian lorry freight insurance can lend an
extra air of legitimacy to an unproven owner operator starting out for the first
time. And of course it's not just about appearances - if goods are damaged on
the road and you're not insured, you're going to have to either pay for the
damages yourself, or endure a drawn out legal battle with someone who
could have become a good customer. Likewise, if the employees of a big
haulage company have an accident and blame the owners, some kind of
protection can make all the difference towards an amiable resolution.
Any person involved in the business of importing or exporting must know
something about freight insurance. In these trying economic times,
businesses need insurance to provide financial security. Freight insurance is
one of the many ways of protecting a business. It offers a way of
compensating businesses or individuals who have happened to suffer the
misfortune of having their goods lost or damaged during transit. In simple
terms, freight insurance is a contract or an agreement between an individual
or a business and an insurance company wherein the insured party is
awarded an indemnity in case something happens to their goods. Importers
and exporters alike face certain risks when they ship their products. An

2. importer who has already paid for his goods will stand to lose a lot of money if
the goods are lost or damaged. Likewise, an exporter who has invested an
amount of money on the goods he is exporting also stands to lose money in
case of an accident. The terms of freight insurance are usually based on
sales contracts. The insurance usually takes effect when the commodities
involved changes hands unless clauses are added or deleted from the
contract through an agreement by both parties. There are many other
different kinds of freight insurance terms and a healthy understanding of the
shipping process will help businesses and individual avoid losing money over
shipping mishaps. Proper planning, research and an understanding of
logistics can go a long way when dealing with freight insurance policies.
Did you know that when you move your commodity, vehicle, household goods
by air, ocean or land with any transport carrier and damage or loss occurs,
the contingent shipment insurance they offer will pay you only… $0. That's
not a great deal and by law that's all they're expected to pay you, because
contingent insurance is completely subject to the carrier's legal liability and
their terms and conditions (tariffs). FreightGuru will help you to purchase a
broader shipment insurance coverage with some carriers, but at very high
costs and the coverage will still be bounded by their liability and tariffs and
probably based on the item weight and not the value. With contingent
insurance, you run a risk being postpaid very little for your loss. What you
need is primary freight insurance coverage for all types of shipments, not
the limited contingent type provided by freight carriers & moving companies.
As a result, manufacturers and exporters turn to the cargo freight insurance
brokers that meet the need for full-value-based insurance to protect your
shipment. Fortunately, finding a reliable freight insurance company is not a
problem. This brings us back to the statement about the peace of mind:
knowing that you won’t suffer any financial losses should anything happen to
your overseas or state-to-state shipment and you don’t have to rely on the
transport company to cover for any accidents. Interested people can also get
more details by enquiring at info@freightguru.com and call us at (877)
937-3734.