Is a valued inventory list required?
For shipments of personal effects, a detailed and itemised inventory with values is often required before shipping. If not provided, and a loss occurs, compensation may be based on an average value per package, calculated from the total insured value and number of packages.
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What does 'CIF+10%' mean? What happens if I under-value a shipment for insurance purposes? What do I do when I discover a loss or damage to a shipment? I’ve shipped hundreds of times and never had a loss. Why would I want to insure? What is a General Average? How should an insured act in the event of a claim for loss or damage? What is an 'All Risks' Policy (‘A’ Clauses)? I only import Cost Insurance and Freight (CIF). Why would I need added insurance? I already have my own policy. Isn’t that enough? What is the difference between inland transit insurance and ocean cargo insurance? What are the chances that anything will happen to my goods?New to Maersk.com?
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