As goods make their way around the world, ensuring their safety becomes increasingly difficult. Whether travelling by land, sea, or air, it’s not uncommon for goods to be lost or damaged in transit. Thankfully, air freight insurance which is a type of cargo insurance exists to safeguard your goods being transported – and ALIGNED is here to find an air freight insurance policy that’s right for your business and operations.
FAQ
What is air freight insurance?
Air-freight insurance is a type of cargo insurance designed to protect a buyer or seller of goods that are being transported by air. Generally speaking, air freight insurance policies will reimburse the policyholder for any goods that are damaged, destroyed, or lost in transit per the limits, deductibles and exclusions in the policy. Similar to marine cargo insurance, air freight insurance is specific to goods travelling by air.
What are the benefits of air freight insurance?
Air-freight insurance is a must for any business that frequently ships items by air. A lot can go wrong in transit and the only way to protect your valuable items from damage or loss is by insuring them under an air freight insurance policy. For example, if your goods are damage, destroyed, lost, stolen en route or they arrive late, air freight insurance can help cover the associated costs.
What does air freight insurance cover?
Most forms of air freight insurance will reimburse the policyholder up to a % of the value of the goods as outlined in each policy, should they be lost, damaged, or destroyed in transit. However, insurance providers usually have all-risk or full-risk coverage options available, which offer greater peace of mind as they protect against almost any kind of loss with a few specific exclusions. Contingent liability coverage and coverage for all modes of transit used (i.e. if your goods are shipped by a mix of air and ground transport), can also be added to your air freight insurance policy.
What does air freight insurance not cover?
In most situations, air freight insurance will not cover goods that are damaged due to improper packaging, pest infestations, weather, or delivery rejection by the customer. Policies also may not extend coverage to older goods or fragile items prone to breaking or spoilage. Read your air freight insurance policy carefully to understand the coverage that is and is not included or connect with an ALIGNED Insurance Advocate. An ALIGNED Advocate can walk you through the entire policy from start to finish and answer any questions you may have.
Who needs air freight insurance?
Air transport is one of the most effective, consistent and quickest methods of shipping goods in the 21st century. Therefore, many businesses around the world rely on air travel to get their items to customers. Any business that frequently ships goods by air should invest in an air freight insurance policy to protect their balance sheet and goods in transit. If you aren’t sure which air freight coverage is right for you, get in touch with ALIGNED. One of our business insurance experts will be happy to obtain and compare quotes on your behalf and walk you through your coverage options. From there, we can help you find a policy that suits your business, preferences, budget and operations.
Get ALIGNED with the best Air Freight Insurance on the market.
You can call us at +1-866-287-0448. Click Here To Get A Quote or contact one of our Air Freight Insurance experts for information or with any questions you may have.
