All-risk cargo insurance is a comprehensive coverage that protects goods in transit against a wide range of potential risks. Unlike more limited insurance options, all-risk policies offer broad protection against loss or damage from virtually any external cause, except those explicitly excluded in the policy.
Typical covered risks may include:
- Theft
- Accidents during transit
- Natural disasters
- Damage or loss due to handling or improper storage
While the term “all-risk” suggests complete coverage, it’s important to note that not all risks are included. Common exclusions may involve war, acts of terrorism, improper packaging, or inherent defects in the goods. Therefore, it’s essential to review the policy’s terms and conditions carefully to fully understand what is—and isn’t—covered.
