I only import Cost Insurance and Freight (CIF). Why would I need added insurance?
Even with CIF, it’s worth asking:
What exactly does the insurance cover—total loss only or partial loss too?
Can you, as the importer, collect payment for a claim outside of the country of origin?
How much are you really paying for that insurance? It’s often bundled into the total cost, and you might find better coverage at a lower price by insuring it yourself.
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I already have my own policy. Isn’t that enough? What are the chances that anything will happen to my goods? What are the “Incoterms”? Since I only ship Free on Board (FOB), do I really need insurance? Maersk offers cargo insurance. Do i need to buy own cargo insurance? How do I calculate the volume for my LCL cargo? What does warehouse-to-warehouse mean?New to Maersk.com?
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