What is an 'All Risks' Policy (‘A’ Clauses)?
An 'All Risks' policy offers the most comprehensive coverage available, but it doesn’t cover every possible risk. Unless specifically included, it will not cover loss of market, loss or damage caused by delay, inherent vice of the goods, war, strikes, riots, or civil commotions. This coverage is now generally referred to as Institute Cargo Clauses (A), or ‘A’ Clauses.
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What does 'CIF+10%' mean? Is a valued inventory list required? What happens if I under-value a shipment for insurance purposes? How should an insured act in the event of a claim for loss or damage? I’ve shipped hundreds of times and never had a loss. Why would I want to insure? What is a General Average? What do I do when I discover a loss or damage to a shipment? 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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