Shipping Insurance...would you or wouldn't you?
#1
Outsyder Adventurer
Thread Starter
Joined: Mar 2007
Location: Kamloops, BC...since Sept 2012
Posts: 485
Shipping Insurance...would you or wouldn't you?
I'm getting a little confused about this whole topic as I have to decide before next Tues whether to insure all or part of my goods.
Please could I get a general idea about whether people have or haven't bothered with insurance and why?
My quote is 2.5% of the value. I have no time to shop around now & get other quotes, this is it.
So insuring 20k would cost £500. But breaking it down on the form is a nightmare. It looks to me like total loss (ship fire, sinking etc) is possible but unlikely and the exclusions of liability are adequate to negate any responsibility, e.g. Act of god, terrorism, fire howsoever started, explosion, war etc etc.
So we may just look at individual items, e.g. Bike £2,000, bedroom set, £1,000. But I would be very unlucky and lucky, if I insured one item and that was the only item to go missing or be damaged, meaning I was covered.
Don't know if I'm making sense, but others' opinions on the topic who have had experience would be gratefully received.
Thanks, Katie
Please could I get a general idea about whether people have or haven't bothered with insurance and why?
My quote is 2.5% of the value. I have no time to shop around now & get other quotes, this is it.
So insuring 20k would cost £500. But breaking it down on the form is a nightmare. It looks to me like total loss (ship fire, sinking etc) is possible but unlikely and the exclusions of liability are adequate to negate any responsibility, e.g. Act of god, terrorism, fire howsoever started, explosion, war etc etc.
So we may just look at individual items, e.g. Bike £2,000, bedroom set, £1,000. But I would be very unlucky and lucky, if I insured one item and that was the only item to go missing or be damaged, meaning I was covered.
Don't know if I'm making sense, but others' opinions on the topic who have had experience would be gratefully received.
Thanks, Katie
#2
Re: Shipping Insurance...would you or wouldn't you?
I'm getting a little confused about this whole topic as I have to decide before next Tues whether to insure all or part of my goods.
Please could I get a general idea about whether people have or haven't bothered with insurance and why?
My quote is 2.5% of the value. I have no time to shop around now & get other quotes, this is it.
So insuring 20k would cost £500. But breaking it down on the form is a nightmare. It looks to me like total loss (ship fire, sinking etc) is possible but unlikely and the exclusions of liability are adequate to negate any responsibility, e.g. Act of god, terrorism, fire howsoever started, explosion, war etc etc.
So we may just look at individual items, e.g. Bike £2,000, bedroom set, £1,000. But I would be very unlucky and lucky, if I insured one item and that was the only item to go missing or be damaged, meaning I was covered.
Don't know if I'm making sense, but others' opinions on the topic who have had experience would be gratefully received.
Thanks, Katie
Please could I get a general idea about whether people have or haven't bothered with insurance and why?
My quote is 2.5% of the value. I have no time to shop around now & get other quotes, this is it.
So insuring 20k would cost £500. But breaking it down on the form is a nightmare. It looks to me like total loss (ship fire, sinking etc) is possible but unlikely and the exclusions of liability are adequate to negate any responsibility, e.g. Act of god, terrorism, fire howsoever started, explosion, war etc etc.
So we may just look at individual items, e.g. Bike £2,000, bedroom set, £1,000. But I would be very unlucky and lucky, if I insured one item and that was the only item to go missing or be damaged, meaning I was covered.
Don't know if I'm making sense, but others' opinions on the topic who have had experience would be gratefully received.
Thanks, Katie
#3
Re: Shipping Insurance...would you or wouldn't you?
From what I've read, containers do fall off container ships in the middle of the ocean, so it depends on whether you're willing to lose everything when the ship goes through a bad storm.
#4
Banned
Joined: Dec 2010
Location: Durham Region Extension
Posts: 3,342
Re: Shipping Insurance...would you or wouldn't you?
What Mark said...same as when you rent a car, and will be crossing the border or going on some expedition travel. Weigh the risks and go from there
#5
BE Enthusiast
Joined: Feb 2012
Location: Devon- via Liverpool - Now Shawnigan Lake Bc
Posts: 501
Re: Shipping Insurance...would you or wouldn't you?
I'm getting a little confused about this whole topic as I have to decide before next Tues whether to insure all or part of my goods.
Please could I get a general idea about whether people have or haven't bothered with insurance and why?
My quote is 2.5% of the value. I have no time to shop around now & get other quotes, this is it.
So insuring 20k would cost £500. But breaking it down on the form is a nightmare. It looks to me like total loss (ship fire, sinking etc) is possible but unlikely and the exclusions of liability are adequate to negate any responsibility, e.g. Act of god, terrorism, fire howsoever started, explosion, war etc etc.
So we may just look at individual items, e.g. Bike £2,000, bedroom set, £1,000. But I would be very unlucky and lucky, if I insured one item and that was the only item to go missing or be damaged, meaning I was covered.
Don't know if I'm making sense, but others' opinions on the topic who have had experience would be gratefully received.
Thanks, Katie
Please could I get a general idea about whether people have or haven't bothered with insurance and why?
My quote is 2.5% of the value. I have no time to shop around now & get other quotes, this is it.
So insuring 20k would cost £500. But breaking it down on the form is a nightmare. It looks to me like total loss (ship fire, sinking etc) is possible but unlikely and the exclusions of liability are adequate to negate any responsibility, e.g. Act of god, terrorism, fire howsoever started, explosion, war etc etc.
So we may just look at individual items, e.g. Bike £2,000, bedroom set, £1,000. But I would be very unlucky and lucky, if I insured one item and that was the only item to go missing or be damaged, meaning I was covered.
Don't know if I'm making sense, but others' opinions on the topic who have had experience would be gratefully received.
Thanks, Katie
#6
Re: Shipping Insurance...would you or wouldn't you?
That's the downside; I wouldn't really expect them to pay out for much other than an easily provable loss ('uh, my container fell off the boat'). One of my boxes magically became a car parcel shelf on its way over the Atlantic and it wasn't even worth the hassle of trying to claim from them.
At the least, make sure you have absolutely everything itemised, rather than just 'box of DVDs and books'.
At the least, make sure you have absolutely everything itemised, rather than just 'box of DVDs and books'.
#7
BE Forum Addict
Joined: Jun 2011
Posts: 1,746
Re: Shipping Insurance...would you or wouldn't you?
We insured almost everything but I did bargain them down to 1.5% I think it was.
We got stuff damaged and broken and I had to fight tooth and nail for any money back. I got about £160 when damages amounted to well over £500.
Like everyone says - its up to you and your risk tolerance. Personally I couldn't stand the thought of all our stuff that we had spent over 10 years building up being lost and being offered a tiny amount back.
We got stuff damaged and broken and I had to fight tooth and nail for any money back. I got about £160 when damages amounted to well over £500.
Like everyone says - its up to you and your risk tolerance. Personally I couldn't stand the thought of all our stuff that we had spent over 10 years building up being lost and being offered a tiny amount back.
#8
Joined: Aug 2005
Posts: 14,227
Re: Shipping Insurance...would you or wouldn't you?
We got shipping insurance. I was actually hoping that our container would fall off the ship.
#10
Re: Shipping Insurance...would you or wouldn't you?
It's a while ago, but we insured our shipment too. On the other hand, we weren't paying for any of it.
#12
Banned
Joined: Apr 2009
Location: SW Ontario
Posts: 19,879
Re: Shipping Insurance...would you or wouldn't you?
I used this company (direct - not through an agent) and found them excellent.
http://www.unirisc.ca/Corp&IntReloca...urance_ENG.htm
http://www.unirisc.ca/Corp&IntReloca...urance_ENG.htm
#13
BE Enthusiast
Joined: Feb 2012
Location: Devon- via Liverpool - Now Shawnigan Lake Bc
Posts: 501
#14
Joined: Sep 2008
Posts: 12,830
Re: Shipping Insurance...would you or wouldn't you?
I'm getting a little confused about this whole topic as I have to decide before next Tues whether to insure all or part of my goods.
Please could I get a general idea about whether people have or haven't bothered with insurance and why?
My quote is 2.5% of the value. I have no time to shop around now & get other quotes, this is it.
So insuring 20k would cost £500. But breaking it down on the form is a nightmare. It looks to me like total loss (ship fire, sinking etc) is possible but unlikely and the exclusions of liability are adequate to negate any responsibility, e.g. Act of god, terrorism, fire howsoever started, explosion, war etc etc.
So we may just look at individual items, e.g. Bike £2,000, bedroom set, £1,000. But I would be very unlucky and lucky, if I insured one item and that was the only item to go missing or be damaged, meaning I was covered.
Don't know if I'm making sense, but others' opinions on the topic who have had experience would be gratefully received.
Thanks, Katie
Please could I get a general idea about whether people have or haven't bothered with insurance and why?
My quote is 2.5% of the value. I have no time to shop around now & get other quotes, this is it.
So insuring 20k would cost £500. But breaking it down on the form is a nightmare. It looks to me like total loss (ship fire, sinking etc) is possible but unlikely and the exclusions of liability are adequate to negate any responsibility, e.g. Act of god, terrorism, fire howsoever started, explosion, war etc etc.
So we may just look at individual items, e.g. Bike £2,000, bedroom set, £1,000. But I would be very unlucky and lucky, if I insured one item and that was the only item to go missing or be damaged, meaning I was covered.
Don't know if I'm making sense, but others' opinions on the topic who have had experience would be gratefully received.
Thanks, Katie
#15
Forum Regular
Joined: Aug 2008
Location: St Paul MN
Posts: 73
Re: Shipping Insurance...would you or wouldn't you?
We shipped and after reading the small print decided not to take the insurance on any of the items. On arrival to usa, the table was split in 2 and a chair was smashed. We called the shipping company and was told even if we took the insurance it didnt cover damage, only water damage and full loss. We had the items repaired in USA at a fraction of the cost to try and replace.