Air cargo insurance is a type of insurance coverage designed to protect goods shipped by air. When you send your products by air, there is a constant risk that something could go wrong during transportation, such as any damage, loss, or theft. In such cases, air cargo insurance helps to minimise the financial impact of any of these things happening to your shipment.
Air cargo insurance works as a safety net for sellers. Without it, you will have to bear the total cost of lost or damaged goods, which can be a lot. However, with insurance, the insurer compensates you for the value of goods and ensures that your shipment is financially protected throughout the journey.
When Do You Need Air Cargo Insurance?
Air cargo insurance is essential whenever you are shipping goods by air. There are many cases where you will need air cargo insurance, like:
Valuable shipments: When shipping high-value items like bulk shipments, luxury new zealand mobile number list goods, electronics, etc., air cargo insurance is a must. Damaging or losing a shipment may lead to significant financial losses for your business, so insurance is a must to protect you.
Fragile items: If you are shipping products that are easily breakable during transit, such as ceramics, glassware, or any other sensitive pieces of equipment, insurance is crucial to protect you if something in your cargo is damaged.
Unpredictable conditions: Weather delays, unexpected stips, handling issues at the airport, etc., can impact the shipment and increase the risk of potential losses. So, getting insurance is a must to save you all along the journey.
International shipping: Whenever you ship internationally, the risk of multiple things increases, like complex customs processes, political instability, chances of delay, theft, and loss. Air cargo insurance can provide coverage during such uncertainties.