Shipping insurance is a type of insurance that protects your cargo against potential damage during domestic or international transportation. Whether you choose land or sea transport, you can protect your cargo by applying different insurance policies

Shipping insurance compensationis the reimbursement you receive to mitigate your losses if your insured cargo is damaged for specific reasons. The amount of compensation you receive will vary depending on your shipping insurance policy.

Cargo Transportation Insurance Compensation

Commodity transportation encompasses shipping operations carried out internationally or domestically. It applies to all transportation methods, including land, sea, air, and rail. Commodity transportation insurance compensation is assessed under the following conditions:

• If your cargo was damaged due to an accident caused by the carrier,
• If your cargo disappears due to theft during your transportation process,
• If your cargo was damaged while being loaded onto or unloaded from the vehicle,
• If your transport vehicle and cargo are damaged due to natural disasters such as fire, flood, or earthquake, your insurance will provide compensation.

Domestic Carrier Liability Insurance Claim

This is a type of insurance valid for the domestic transportation of goods belonging to third parties. Different policies can be agreed upon for this type of insurance. Domestic carrier liability insurance compensation valid for road transportation;

• Depending on the policy you choose, it basically covers accidents, tipping, or spills that may occur to your cargo during transportation
• This is provided in case of a fire or similar incident occurring in the vehicle carrying the cargo.

Sea Freight Insurance Compensation

Marine freight insurance compensation is paid for damages incurred by boats, yachts, and other vessels used in maritime transport.

• Damage to your ship or cargo due to bad weather conditions,
• In situations such as storms, your cargo vehicle may overturn or be damaged
• Grounding or other situations that obstruct the ship's progress could result in damage to your cargo and vessel
• This compensation is paid for any damage your cargo and transport vehicle sustains as a result of a collision or impact.

Great care must be taken when claiming compensation for cargo insurance. Having an expert by your side throughout this process will be quite advantageous. You can contact Attorney Ferhat Kule for professional advice.