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Shipping Insurance

Shipping Insurance

Old Jan 15th 2016, 11:37 am
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Default Shipping Insurance

HI

I know shipping insurance has been discussed on here. And I'm pretty sure there is an insurance company out there that many expats have used, but I'm unable to trace the company on here. If anybody could refresh/help me, I'd be very grateful. Thanks
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Old Jan 15th 2016, 4:28 pm
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Default Re: Shipping Insurance

https://www.google.ca/search?q=briti...n-ca&prmd=nmiv

I'm on my phone which won't let me link properly to the most relevant posts, but hope the above helps.
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Old Jan 15th 2016, 4:43 pm
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Default Re: Shipping Insurance

Letton Percival is a name that will crop up a lot. We used them, no issues with them, but we didn't have to claim for anything.
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Old Jan 15th 2016, 4:53 pm
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Default Re: Shipping Insurance

Marine insurance valuations work differently to household. Marine use average weighted, so can have a big impact on higher valued or items not scheduled.
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Old Jan 15th 2016, 10:18 pm
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Default Re: Shipping Insurance

We used this broker:

http://www.insurance2day.co.uk/

Wayyyy cheaper than the removal companies insurance.

Also included coverage for my Land Rover Defender.

It will be beneficial if you know if your container is going by the long (Panama Canal) or short (Montreal) sea route, as the 'Time on Risk' is important in determining your insurance cost. You may also need to extend the coverage for any rail transport too.

Last edited by withabix; Jan 15th 2016 at 10:21 pm.
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Old Jan 15th 2016, 11:02 pm
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Default Re: Shipping Insurance

I would not send ocean shipments without insurance. If you have a container on board and there is a loss, the law of general averaging can be crippling.

https://en.wikipedia.org/wiki/General_average

Rarely do events occur, but no doubt that is what the underwriters of the SS Torrey Canyon thought!
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Old Jan 16th 2016, 3:04 pm
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Default Re: Shipping Insurance

Brilliant. Thank you so much everyone
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