building insurance london

building insurance london
There are five (5) insurance options for shippers to Insure their cargo shipments.

The decision about which option is for the sender is an important decision that should be carefully and regularly reviewed.

How sure of your cargo can make a significant difference in the costs of protection and the conditions for coverage that you receive. Here is a brief discussion about the options, with the main points of comparison:

(1) insurance, you can by a freight forwarder or Customs House Broker. Most of these companies have their own ocean cargo policy that is made available to their customers. This is a significant win for the company due to the high mark-up charged to the consignor. This "all-purpose phrases" can be much higher than the prices of your shipment. Despite these problems, this is the preferred option for the small shipper with four or five items per year. Due to the minimum premium required for an open cargo policy, this may be a cheaper way to get coverage. But if a shipper has enough volume, the savings could add up to 50% of what he is currently charged.

(2) insurance could be through the carrier of cargo shipping. Unfortunately, making the carrier the name of insured, not the sender. This protects the carrier is not the shipper. If there is a loss, the shipper must have a claim against the makers and their insured. And the insurance will endeavor to protect the interests of their customers, the carrier, not the shipper.

(3) overseas suppliers could provide cover for your cargo. This agreement represents a number of important questions. "" Will the coverage be placed with a U.S. company, or will you have to have a claim in a foreign company? "" What risks are covered by the policy (vs. All-Risk Name)? "" What language is the written certificate? "" Will you pay in dollars or another currency? "" Is the cost of insurance to you, and if so, at what price? "" What is the deductible? "" What are the exceptions and conditions of coverage? "" At what point will the insurance no longer to your cargo? "" Do not let the vendor, your company insurance decisions. Not renounced control!

(4) Occasional shippers can use a shipping certificate. Although this is an expensive way to buy coverage, there may be economic and efficient method for small shippers.

(5) BUY YOUR OWN "OPEN CARGO" "POLICY!
The cost of freight insurance is small compared to the total cost of packaging, handling, shipping and commodities. Bypass the middleman (freight forwarder, customs house brokers, overseas suppliers) may lead to an enormous savings in the cost of shipping. They are the insured. You will know what you get. You have the right coverage to meet your specific needs. Your interests are protected, not the interests of intermediaries. If you qualify, you are the insured and the insurance company, the policy has a vested interest in dealing with the claim promptly and fairly. Your shipments will be automatically protected with no chance of failing to Insure a shipment. They have a single point of contact for all your questions instead of cargo to multiple coverages with different terms of coverage from different sources. You will be free of any "accident" claims. And if you do not know what that means, you must understand before you a big surprise.

You know that you need cargo insurance or you will be very little for damaged goods. The question is, "Where are you going to make it? "The answer is at M. Silver and Associates, Inc.

If you have questions about your insurance or cargo need for cargo insurance, freight to our department by e-mail to cargo@msilverandassociates.com To receive a cargo insurance quote, please download our Open Cargo Insurance Questionnaire.

Merle Silver, President of M. Silver and Associates, Inc., is ready to help you with a cargo of insurance or offer information about other insurance coverages. Please visit Your Florida Insurance Agents for additional information on our agency.