Cargo Insurance is a policy that protects cargo if it is damaged or lost while in transit from one destination to another. At Colombo we believe that it is your right to protect such investment with cargo insurance policies. The purpose of such a policy is to provide the insured party or individual with reimbursement should the cargo not arrive safely to its destination. Cargo insurance policies can apply to air, marine, or land shipments and cover an extensive list of products such as automobiles, computer equipment, hydraulic equipment, pharmaceutical products and even household goods. Certain products can also be excluded.
As we can see, cargo insurance is an indispensable part of shipping cargo. All owners of cargo are much better off insuring their shipments before they move to protect themselves against any type of damage that may occur. It is highly recommended that all owners of cargo purchase insurance before moving their shipment. You can ask one of our staff members for more details.
