Freight Transport Insurance
Comprehensive Marine Cargo Insurance Plans
Marine-related risks and accidents are not a problem anymore for those who opt for Marine Cargo Insurance in Cyprus. The transportation of goods involves significant risks of damage or loss and threatens the completion of the transport from the departure to their final destination. That’s why Trust Insurance offers insurance coverage for marine cargo shipments. This service allows shippers to protect their goods while in transit, reducing risk exposure and ensuring they receive payment upon delivery. Our freight transport insurance plans are flexible and give you peace of mind.
Why TRUST Marine Cargo Insurance
Who Is This Insurance For?
Aimed at individuals, importers or exporters of goods or people engaging in transit trade.
Coverage Of Marine Freight Insurance
Loss or damage to goods during their land transport with closed vehicles of the Insured as a result of:
- Traffic Accident
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Cargo Insurance FAQs
What does this insurance cover?
This is a comprehensive insurance program for goods transported within Cyprus
Am I covered only in Cyprus?
Coverage is limited to the territorial area of Cyprus controlled by or legitimate government of the Republic of Cyprus or as specified in the Policy
When does my coverage start and when it ends?
The start and end of coverage is specified in the Table of the Insurance Policy. The duration of the insurance policy is 12 months, unless another insurance period is agreed between the two parties
What is cargo insurance and when it’s required?
Cargo insurance protects businesses from financial loss due to lost or damaged freight. It compensates you for the insured amount if a covered event, like cargo abandonment, vehicle accidents, customs rejection, pirates, war, or natural disaster happens to your cargo.
Is cargo insurance compulsory in Cyprus?
Cargo insurance is not compulsory in Cyprus, however it is essential for individuals, importers or exporters of goods or people engaging in transit trade. It helps protect shipments from theft or physical damage that may occur during transportation by land, sea or air, which usually involves many risks.
Does cargo insurance cover theft?
Yes, cargo insurance can cover theft, but it may not cover you for theft which occurred while the vehicle was unattended. Ask Trust’s insurance agents for more information.
What’s the difference between cargo and marine insurance?
Marine insurance covers the physical loss or damage of ships, cargo, terminals, machinery, hull, third-party liability, and so on. Cargo insurance helps protect the transportation of cargo/goods from the place of departure to the final destination.