Shipping is an ancient mode of transportation, and it still plays an important role in the field of transportation today. Maritime insurance, which is closely related to it, has also developed early and perfect. However, in actual operation, we still need to be very vigilant about insurance blind spots.
(1) Insured time
You should purchase marine insurance before the normal opening, forecast the departure time, issue a draft of the insurance policy, and confirm the original insurance policy after confirming the departure time.
(2) Deductible
The deductible means that all losses within the deductible are borne by the insured, and the insurer is only responsible for the amount of compensation that exceeds the deductible and is within the compensation limit. In signing the contract, the insured should pay attention to this agreement.
(3) Under-insured
In the settlement of claims, the compensation shall be paid in proportion. When applying for insurance, it is recommended to insure in full as much as possible, and fill in according to the actual invoice amount in order to protect greater benefits.
Calculation method: Compensation amount = Loss amount * (Insured amount/Invoice amount)-Deductible.
(4) "Warehouse-to-warehouse" clause
Under the contract of FOB or CFR terminology, the seller is not obliged to purchase international transportation insurance for the goods. The buyer usually insures the goods for his own benefit. Under this term, the buyer’s insurance interest in the goods is "ship to warehouse". Warehouse to warehouse”, so if only the buyer is the insured, regardless of whether there is a “warehouse to warehouse” clause in the insurance document, the insurance company’s responsibility is only “ship to warehouse”. So how should we solve this kind of situation?
(5) Claim
When damage to the goods is found, the insured shall notify the insurance company to arrange on-site surveys (or contract with the insurance company to avoid on-site surveys for small claims). At this time, keep the site as much as possible (if the insurance company does not come to the site for on-site surveys) , The insured must make a record of the property loss and take photos, and some special circumstances need to report to the administrative agency), and wait for the insurance company to judge the damage and notify the documents required for the claim.
(6) Online insurance
Online insurance has become more and more perfect. The wide range of products, the convenience of purchasing insurance types, and the lower prices have made the purchase of insurance more convenient. However, when using it, pay attention to the blind spots of its operation.
