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InsureCargo
Insurance Services

1120 Bristol St.
Costa Mesa, CA 92626

PH: (888) 846-9965
PH: (714) 427-5858

LIC NO: 0K07568

Coverage Information for Single Shipment Policies purchased online:

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Click Here to view a Specimen Policy Certificate

Policy Coverage
Your InsureCargo policy contains the broadest terms available.  Your cargo is covered for “all risks” of physical loss or damage, subject to a very few exclusions that are considered to be “nonfortuitous“ in nature.  Examples of nonfortuitous losses might include ordinary wear and tear, and willful misconduct or fraud by the Assured (Insured) or other party to the sales contract.  Other exclusions would include loss resulting from delays in transit, loss of market and nuclear contamination.

The coverage also includes some protection for War Risk and Strikes, Riots and Civil Commotions coverage.

Deductible
For all but a few select commodities, coverage is provided with no deductible.

Coverage Form
To provide uniformity in international trade, InsureCargo uses the American Institute Cargo Clauses and it’s endorsements – the Marine Extension Clauses, the Nuclear Exclusion Clause, the S.R.& C.C. Endorsement and the War Risk Insurance Policy on their international shipments.  These clauses have been in use by the marine insurance industry since 1922 and its meaning are understood by courts worldwide.

About the Insurer
Allianz Global Corporate & Specialty is the Allianz Groupís dedicated carrier for serving the specific needs of corporate and specialty insurance clients and brokers. The company provides insurance and risk consulting across the whole spectrum of Marine, Aviation and Corporate business, including energy, engineering/construction, financial lines (incl. D&O), Liability and Property insurance.

Allianz Global Corporate & Specialty has a global presence in over 150 countries and employs more than 2,500 people. We provide insurance solutions to more than half of the Fortune Global 500 companies. We consistently achieve strong ratings for financial stability: AA ('Very Strong') from Standard & Poor's and A+ ('Superior') from A.M. Best.

Note: This coverage summary is a matter of information only.  The insurance afforded by the policy described herein is subject to all the terms, conditions, and exclusions of such policy.


Cargo Insurance Insuring Terms
“All Risks” versus FPA and TLO

Type of Coverage Coverage for Partial Losses* Coverage for Total Losses*
“All Risks”

Covers any claims that are not excluded

Examples:  Theft, non-delivery, breakage, water damage, etc.

Covers any claims that are not excluded

Examples:  Theft, non-delivery, breakage, water damage, etc.
Free of Particular Average (FPA)

Partial Losses are ONLY covered if the loss is caused by the vessel stranding, sinking, burning or collision with another vessel

Total Losses are covered if the loss is a result of the Perils of the Seas, fire, and jettison.

Comment:  Provides water damage due to heavy weather, but no coverage for breakage, handling damage or theft
Total Loss Only No Coverage

Total Losses are covered if the loss is a result of the Perils of the Seas, fire, and jettison.

Comment:  Provides water damage due to heavy weather, but no coverage for breakage, handling damage or theft

* Subject to compliance with all policy terms, conditions and warranties



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