Insuring Your Cargo

Shipping lines and loading companies do not have insurance for your cargo. As a valued customer, we want you to know the facts before you ship.

Facts About Cargo Insurance

  • CargoLoop insurance does not cover your valuable cargo while in transit. If your container sinks to the bottom of the ocean or catches fire, the maximum payoff will be $500 per container from the shipping line. You need your own insurance policy.
  • Accidents happen. Thousands of containers catch on fire or drop in the water every year. If you don’t have insurance, as the consignee on the Bill of Lading and cargo owner, you will be liable for full shipping costs and cargo recovery expenses, even if your cargo is destroyed or damaged.
  • The cost of insurance is minimal, and some customers already insure all their shipments. If you cannot afford insurance on every shipment, we strongly advise to purchase a policy on the most expensive vehicles. You can purchase Cargo Insurance through any insurance broker, or CargoLoop can help you get a policy.

Insurance Policies

Policies could be purchased on individual vehicles or on full containers. Our policies are backed by Lloyds of London, the most secure and trusted insurance company in the world.

Ordering is simple. We only need the VIN number of the vehicle and its declared value. The rest is handled by our Insurance Specialist.

Get Started – Insure Your Cargo Today

Cargo Insurance

For CargoLoop Customers

  • What it covers

    • Catastrophic events
      (fire, shipwreck, etc.)
    • Total destruction of cargo
    • Covers accidents during ocean transportation
    • Material and equipment failure
    • Rough handling by ports
    • Coverage port to port

  • What it costs

    • 1% of shipment value
      + $75 service fee​
    • Minimum policy $175
    • Claim deductible is 3% but not less than $500
    • Example: $30,000 car,
      policy will cost $300 + $75

  • Questions?

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