Air Cargo Insurance: What You Need to Know

One evening, Minh, a long-time truck driver in Hanoi, was sipping hot tea while browsing the news on his phone. Suddenly, a video of a truck accident on the highway appeared, startling him. Accidents can happen anytime, to anyone, he thought. Immediately, he called his cousin, who works at a Hyundai truck dealership on Giai Phong Street, to inquire about air cargo insurance. So, what is air cargo insurance? What are its notable advantages? Let’s delve into the details in the article below.

What is Air Cargo Insurance?

Air cargo insurance, also known as air freight insurance, is a type of liability insurance for cargo owners or carriers that covers potential damage to goods during air transportation. This type of insurance protects the interests of cargo owners when encountering risks such as:

• Physical Damage: Goods damaged or lost due to accidents, natural disasters, or fire during transportation.
• Legal Liability: Cargo owners are liable for compensating third parties for damages caused by their goods during transportation.

Benefits of Air Cargo Insurance

1. Comprehensive Financial Protection

Air cargo insurance helps cargo owners minimize financial risks in case of unexpected incidents. Instead of bearing large expenses to remedy damages, cargo owners can have peace of mind knowing they have insurance coverage.

2. Enhanced Credibility with Partners

Purchasing air cargo insurance demonstrates a company’s professionalism and commitment to ensuring cargo safety, thereby enhancing reputation and building trust with domestic and international partners.

3. Simple and Fast Procedures

Currently, insurance companies have simplified air cargo insurance purchase procedures, making it easier for customers to access and utilize the service.

Truck accident

Air Cargo Insurance Price List

Note: The price list is for reference only. The actual premium rate may vary depending on the type of goods, coverage area, insurance conditions, etc.

Important Notes When Purchasing Air Cargo Insurance

• Choose a reputable insurance company with experience in air cargo insurance.
• Carefully study the terms and conditions in the insurance contract before signing.
• Declare accurate and complete information about the goods and the shipment.

Frequently Asked Questions about Air Cargo Insurance

1. What types of goods are insured?

Most goods are covered by air cargo insurance, including consumer goods, electronics, garments, agricultural products, etc. However, some special goods such as weapons, explosives, flammable substances, etc., may be restricted or not covered.

2. How long is the insurance period?

The insurance period is usually calculated from the time the goods are loaded onto the aircraft until they are unloaded at the final destination.

3. What should I do to receive compensation in case of an incident?

In case of an incident, the cargo owner should:

• Immediately notify the insurance company and the competent authorities.
• Provide complete documents and evidence related to the incident and the insurance contract.

Truck transporting cargo

How to Purchase Air Cargo Insurance at XE TẢI HÀ NỘI

Customers who wish to learn about and purchase air cargo insurance, please contact XE TẢI HÀ NỘI at hotline: 0987.654.321 or visit our branches in districts: Hoan Kiem, Ba Dinh, Hai Ba Trung, Dong Da, Tay Ho, Cau Giay, Thanh Xuan, Hoang Mai, Long Bien… for consultation and support.

Similar Products

In addition to air cargo insurance, XE TẢI HÀ NỘI also provides other insurance services such as:

• Motor Vehicle Owner’s Civil Liability Insurance.
• Motor Vehicle Physical Damage Insurance.
• Passenger Accident Insurance.