1、 Confirmation of Insurance Liability Scope
Transportation risk coverage
Including damages or losses caused by natural disasters or accidents in cross-border transportation, it is necessary to clarify whether the entire process of air/sea/land transportation is covered.
Customs risk protection
If there is a delay or detention compensation caused by customs inspection, complete customs declaration documents must be provided and comply with the statutory declaration requirements.
Force Majeure Clause
Whether losses caused by force majeure such as war and strikes are included in insurance liability requires special verification of clause 35.
2、 Insurance regulations and restrictions
Integrity of policy elements
Ensure that the insured field is filled with the actual name of the purchasing party to avoid misplacement of the policy beneficiary when the shipper purchases goods.
The policy must include a special clause for waiving subrogation rights to prevent subsequent liability risks.
The necessity of full insurance coverage
Insure at a rate of 1.1 times the invoice amount to avoid proportional compensation due to insufficient insurance coverage (compensation amount=loss amount x insurance amount/invoice amount minus deductible) 67.
Timeliness requirements
The effective time of insurance should be calculated from the payment of the premium, not the date of shipment of the goods. For international sea freight, it is recommended to insure before the goods are shipped to the port.
3、 Compensation rules and operational points
Deductible amount setting
The common absolute deductible is 10% of the insured amount. If the insured amount is less than 10000 yuan, no compensation will be given. If the insured amount is 30000 yuan, an actual compensation of 20000 yuan will be given.
Claim Procedure Specification
After the goods are damaged, the insurance company should be immediately notified to conduct an on-site inspection, retain the original packaging and evidence of the damage, and cooperate in providing documents such as bills of lading and invoices.
Applicability of the "warehouse to warehouse" clause
Under FOB/CFR trading mode, the insurance purchased by the buyer only covers the "ship to warehouse" stage, and it is necessary to confirm whether the start and end nodes of the insurance liability comply with the actual transportation chain.
4、 Suggestions for avoiding special scenarios
Restrictions on purchasing categories
Special insurance coverage is recommended for high-value or vulnerable products such as electronic devices and cosmetics. Food products should pay attention to the relevant exemption clauses regarding shelf life and storage conditions.
Principles for selecting freight insurance
Prioritize products that cover all modes of transportation and avoid insurance that is limited to express delivery only; Pay attention to whether the compensation amount includes packaging fees and taxes.
Note: When applying for insurance, it is necessary to verify the qualifications of the insurance institution. For cross-border purchasing, it is recommended to choose a legitimate insurance company with an international claims service network.