A high volume of business is now conveyed by rail and road.It is essential that adequate cover be obtained for the land carriage.Again,the insurance broker or a trade association can give valuable advice.Insurance coverage for land transportation can be divided into two categories:Land Transportation,almost equivalent to WPA,and All Risks for land transportation,almost equivalent to Marine All Risks.
By the nature of air movements,short transit times,lighter packing requied,quick clearance at destination points and,in most places,stricker theft-pilferage control, a significant number of dispatches are sent by air these days.While an air disaster is spectacular and concerntrates the public attention exceptionally,it is true that air traffice is one of the safest methods of moving goods.Obviously,the speed and ease of handling air freight makes an insurance risk attractive to the insurer and premium rates attractive to the insured.There are also two types of coverage: Air transportation risk and Air transportation All Risk.Air transportation risk is similar to WPA,while air transportation All Risk is similar to Marine All Risk.
Parcel post insuance covers the lossed of or damge to the parcels caused by nature calamities,fortuitous accidents or external risks.It includes Parcel Risk and Parcel Post All Risks.On the basis of these two basic coverage,some additional risks may also be added if circumstances require.
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Nice post. I have heard that the shipping company is responsible for all the damage that cause to the material. They do provide a minimal coverage for the material being transported. But the amount paid off is very low that will not cover the whole cost of damage.
Thanks for taking the time to that, I feel strongly about this and so really like getting to know more on this kind of field. Do you mind updating your blog post with additional insight? It should be really useful for all of us. LTL / FTL transport price
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