Cargo insurance

MORE INFORMATION

• OUR ADVANTAGES
  1. BEST COST
     

     Due to our customers' large volume of insurance purchases, we can offer  competitive insurance rates that optimize the overall cost of transportation.

  2. FAVORABLE PAYMENT TERMS
     

     Insurance premium payments can be covered at any stage of cargo transportation along with freight fees. Standard service includes the dispatch of an insurance certificate and/or insurance confirmation by e-mail and/or fax. The original document can also be sent upon request.

  3. CLAIM SETTLEMENT
     

     Our employees assist with the inspection of damaged cargo and the settlement of possible insurance claims, where our guidance is often indispensable. We have helped settle more than 600 insurance claims ranging from €50 to €534,000.

  4. RISK MITIGATION
     

     Carrier liability insurance from Zurich Insurance Company Ltd (Switzerland), one of Europe's largest insurance companies, helps AsstrA avoid financial losses. AsstrA maintains coverage for €3,000,000 per insured event. 

• OPTIONS FOR INSURANCE COVERAGE

  AsstrA can insure goods on the following terms:

  • All Risks: compensation for full cargo value in case of loss or recovery cost in case of damage. All Risks is generally the most efficient and reliable insurance solution for Clients.
  • Limited Insurance: compensation for cargo loss or damage resulting directly from so-called qualifying cases.

   Cargo insurance covers:

  1. Loading and unloading at the shipper’s and recipient’s warehouses
  2. Warehousing during transit
  3. Transloading

   

  Insurance conditions

  1. ELIGIBILITY
     

     The insurance policy defines the Beneficiary as any party, e.g. the cargo owner, who is interested in the safety of cargo and should receive compensation in case of its damage or loss. At your request, AsstrA can use a “to order” note to insure cargo without naming the Beneficiary, thereby making any eventual indemnity payable to the party bearing the risk at the moment of any cargo damage.

  2. INSURANCE RATES
     

     Basic tariffs for cargo insurance are 0.25% - 0.35% of the cargo invoice value. The total proposed tariff depends on cargo value, type, packing, itinerary, and several other parameters like scope of delivery. There is also special pricing available to loyal AsstrA customers. As a rule, the deductible (the portion of the loss not covered by insurance) is zero, meaning that even minimal losses will be compensated by the insurer.

  3. INSURANCE OPTIONS
     

     Your cargo can be insured under one of the three following options:

     1. At 110% invoice cargo value,

     2. At invoice cargo value + freight,

     3. At 110% invoice cargo value + freight.

     We provide transport insurance for all modes of transport and any combinations thereof.

  4. CARGO DAMAGE
     

     When it is necessary to make an insurance claim, AsstrA's experienced cargo insurance specialists organize the inspection of damaged cargo, collect necessary documentation, and handle negotiations. We make every effort to ensure that our customers have no reason to worry about the safety of their cargo during transportation. In case of any problems our customers receive full coverage for any losses.