InsightsContact LVTCargo insurance
What is Cargo insurance?
Cargo insurance covers the value of the goods during transport – regardless of whether the carrier is liable.
Also called: cargo insurance, goods in transit insurance
The carrier's liability is limited and only applies when the carrier is at fault. Cargo insurance typically covers the full value of the goods and also damage that no carrier is liable for.
The insurance is taken out by the party carrying the risk under the agreed Incoterm. Ask us if you are unsure who should insure.