Getting Insurance Cover Is Easy: Getting The RIGHT Insurance Is Not


Posted March 2, 2020 by theinsurancebrokeruk

Insurance companies abound, and all of them claim that their policy is perfect for you and is also the cheapest. They also claim that they pay out all the time.

 
Insurance companies abound, and every last one of them claims that their policy is the one that you need and that it is cheaper than any of their competitors. They also claim to pay out all the time, one insurance company who shall remain nameless – but is a name that you would recognise – actually running a series of TV advertisements a year or so back claiming that they are the insurance company who LOVES to pay out!! It seems that the advertising standards authorities have put a stop to that one.

If only it were that easy. Getting insurance cover is actually easy, but getting the right insurance cover for your particular circumstance is not. Peoples’ circumstances can vary enormously, and what is the right policy for one person may well be completely wrong for another. Nowhere is this more true than in the case of shipping goods overseas. The rules and regulations can be very complex when it comes to international transit insurance, and you need the help of a marine insurance broker who can find the policy that is right for you.

The Insurance Broker is an insurance brokerage that specialises in marine insurance and has done so for many years, so is therefore fully up to speed with all of the different policies that are available and is able to find you the coverage that you need for your specific situation.

An All-Risk policy provides a lot of cover when it comes to transit insurance coverage, but the name can be a little misleading. This is because it doesn’t include cover for loss or damage as a result of war, strikes, natural disasters such as earthquakes, rejection by customs, negligence, your failure to collect the goods or pay import duties, nor any losses above your policy limit.

Named perils covers only goods which you specifically itemise, which does raise the question of why you would be shipping other goods that you think are not worth insuring. Total Loss Only means that you are only insured if the ship and everything it was carrying are lost.

General Average Coverage covers you for the rather odd situation where someone else’s goods on the ship are lost or damaged, and means that you have to contribute towards replacing those items along with everyone else who is shipping goods, even if your own goods arrive perfectly safely. It may seem strange, but that’s the way it works. It is an important feature of your insurance.

Single Coverage covers you for a single trip only. If you are in a business shipping goods all the time you need Open Coverage. This means that as long as you update your insurer if you start to ship different goods, you are covered for the length of the policy. There is also Warehouse to Warehouse coverage which is comprehensive coverage.

You can readily see that you need the services of a marine insurance broker such as The Insurance Broker who understands all of the issues and can find the best and most cost-effective cover for your needs.

The Insurance Broker is a marine insurance brokerage of some 20 years standing that specialises in international transit insurance and can find the right policy for individual requirements.

https://www.the-insurance-broker.com/
Mark O'Connell

31 Chapel Hill
Longridge Lancashire
UK PR3 3JY

01772780380
[email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Mark O'Connell
Country United Kingdom
Categories Insurance
Tags business shipping insurance , freight insurance online , international transit insurance
Last Updated March 2, 2020