Cargo Insurance
International and Domestic Cargo
Coverage Available |
Is your cargo adequately insured?
Most people do not know the answer to this question until it is too late and have a loss. Even if you never have had a claim, it is important to remember that accidents can and will happen. Before it is too late, ask yourself the following questions:
 1. Are FOB (Freight On Board) and CIF (Cost Insurance Freight) right for imports and exports?
Maybe not. As an exporter, you have a maximum interest in your goods until you create a severe loss situation and an extreme financial hardship if not paid. Exporting with FOB conditions may leave you exposed to loss. For instance, portions of the voyage may not be adequately insured or even insured at all. Importing with CIF conditions can also leave you exposed to loss. Insurance costs are hidden and the scope and range of the insurance is not always adequate.
2. Is my own insurance policy sufficient?
Possibly. You might want to compare the rates and scope of coverage for your existing insurance with Sawyer Cook. Are you still typing your insurance certificates? Sawyer Cook eliminates all the hassle.
3. Is the Carrier’s Insurance sufficient?
No. Carriers tend to limit their liabilities which are often much lower than the value of the cargo. Current law only requires an insurable amount, $500.00 per package. You must prove that the carrier is liable for the damages to your cargo and there may be more than one carrier involved, making it very difficult to prove liability.
4. Why take the unneccessary risk?
Insure your cargo through Sawyer Cook Insurance and remove warranted concern. Know the carrier, terms of settlement, currency, and who will be making the adjustments.
Please call one of our expert representatives:
Al Grout 909-379-6726
or
Bob Zentner 909-379-6732
|
