Cargo Insurance Services

Cargo Marine Insurance
Global coverage with local policies where needed
Air Cargo Insurance
Global Programs Insurance

Balance Logistics & Relocation provides its customers with needed cargo insured to help cushion against any potential loss or damage during the predefined transit route.

Balance Logistics & Relocation offers a non-cumbersome application and quick approval process for insuring your shipment. Shipments can easily be insured as long as they contain approved goods and are being shipped to an approved destination.

Once cargo is insured, and in case of unforeseen circumstances, customers can always get back certain percentage or even the entire value of the goods damaged as covered under relevant cargo insurance policy. Insurance coverage’s vary by air, land or sea, because of which all insurance policies are specifically tailored according to individual shipper needs and requirements. Coverage’s provided are for all risks or on specially defined risks, as needed.

Types of Insurance

Cargo insurance can be divided in to 3 distinct types:

All Risk Coverage- Like the name suggests, this is a comprehensive coverage policy, which includes everything that is not specifically excluded.

However, typical types of exclusions are:

Inherent Vice – Infestation, loss due to market delay, failure of the product to perform intended functions and spoilage

Cargo Abandonment – losses that occur at a port city, more than 15 days after the cargo has been discharged
Rejection of merchandise by the FDA, Customs and other government agencies
Payment or account collections failure
Losses that result from temperature and air pressure during shipment by air
Losses in excess of policy limit
Used goods
Improper goods

Warehouse-2-Warehouse Coverage

This coverage is offered for the protection of shipments in transit. Warehouse-2-Warehouse coverage covers the shipment from the time it leaves the warehouse to the time it arrives at its final destination, as long as the shipment is not taken out of the pre-defined transit route.

Coverage Enhancement

Balance Logistics & Relocation offers special coverage’s depending on specific insurance needs, such as:

Trade show and exhibition coverage
Rejection insurance
Extended warehouse storage
Large project cargo moves in excess of $1,000,000 per vessel
Coverage’s other than CIF

Get in Touch With Us Today!

To acquire the most comprehensive cargo insurance coverage, contact us now! Our friendly and knowledgeable agents are available at your service, 24×7 round-the-clock; to help provide you with complete information regarding cargo insurance and also to help you select a suitable insurance that best covers your interest and cargo.

Note:

Balance Logistics & Relocation is only liable for a limited value in the event no insurance is purchased. Feel free to reach out to our sales teams to find out more about the liability insurance coverage for your desired shipment. Don’t forget to checkout our Insurance Claims Guidelines.

Cargo Insurance Services