Why You Should Have an Open Cargo Insurance Policy?

Cargo Insurance is a type of insurance which covers damage or loss to the cargo when it is being transported by land, sea or air. This is very important for companies involved in trading of goods and also for companies involved in logistics that transport the goods to different parts of the country. Companies involved in import and export of goods depend a lot on this insurance policy as the goods are in great volume and great value too. There are two types of cargos, domestic cargo and international cargo both the cargos need insurance policy. There are two types of insurance coverages, land cargo insurance which is transported by land and marine cargo insurance which is transported by sea. What is Open Cargo Insurance Policy? When cargo is transported the insurance holder opts for coverage of large number of consignments which is known as open Cargo Insurance policy. This policy is divided into two renewable policy and permanent policy. Renewal policy is a...