Crown Cargo
Insurance

How Often Do Courier Packages Get Lost

August 18, 2009 by · Leave a Comment 

It is not often that courier packages get lost. In fact, there are many steps taken to ensure that your packages will arrive to their destination safe and secure. Nowadays, most courier packaging companies use electronic tracking systems. This allows your packages to be tracked from point A to point B. You could even log onto the couriers web site and see where your package is located and what the estimated arrival date is.

However, there are some situations where you package could get lost in transit. Eventually, the package may be found, but if you would rather be safe than sorry there are ways to insure your package in situations like these. Courier companies offer insurance on the packages you send out. For a small fee, you could insure the items you are shipping and get reimbursed if these items do not get to the destination they were planned for or if they were damaged along the way. This is highly recommended if you are sending a valuable item. Even though packages rarely get lost in transaction, it is better to play it safe.

If a package is lost, you should not worry to much. Like stated earlier, there are ways to track down the items, and using an electronic system makes finding lost packages a lot easier. Besides getting your package insured, make sure you keep the tracking number on hand. This will help you in case the package in lost.

Although there are very rare cases where packages seem to disappear, this is very unlikely. So, if you are thinking about using a courier company, do not hesitate, as they will most likely give you the service you need.

The Scope Of Cargo Insurance Coverage

August 5, 2009 by · Leave a Comment 

The general scope of cargo insurance coverage is international. Since it compensates for damage or loss based on the insured goods’ value, it is a contract of indemnity. Cargo insurance covers the goods throughout the whole shipping process, whether the cargo is traveling by air, land, or sea. The specific coverage will depend on the goods (such as commercial freight or cars) that are shipped and the mode of transportation.

Either the buyer or the seller may arrange the insurance, whoever is responsible under the sales contract. Unlike property or liability insurance, the coverage available under cargo insurance is broader and industry specific. How the cargo is traveling with also have an impact on the policy. In marine cargo transportation, for example, specific marine risks are covered that wouldn’t be necessary in air or land transport. Since most goods are transported by seas, this is the most common type. Of course, many shipments use more than one mode of transportation, so broader insurance would be necessary.

The scope of cargo insurance coverage doesn’t cover all damages. There are some restrictions placed. In some cases this is due to certain commodities’ loss records. Other exclusions come from how the shipment is damaged. In general, damages caused by war or hostilities are not covered. The nature of the property and delay is also unlikely to be covered. Though not everything is covered, cargo insurance is a necessity when doing international shipping to ensure the that financial interests of the cargo owner are protected.