Domestic Cargo Insurance Thailand
Compare the best plans and rates for Domestic Cargo Insurance in Thailand with us.
What is Domestic Cargo Insurance ?
Who should buy Domestic Cargo Insurance ?
Domestic Cargo Insurance is suitable for businesses that transport goods within a single country, such as:
- Importers
- Exporters
- Manufacturers
- Freight Forwarders
- Distributors
- Domestic Cargo Carriers
Domestic Cargo Insurance is something to consider for businesses that want to protect themselves from the financial impact of accidents, loss, or damage to goods during transportation.
What does a Domestic Cargo Insurance policy cover ?
There are two types of domestic cargo insurance available:
- All-Risk Domestic Cargo Insurance Policy: This type of policy provides comprehensive coverage for goods transported within the country. It covers the loss or damage of the insured goods caused by external factors or accidents, including General Average and Salvage Charges, subject to certain exceptions. General Average refers to the loss incurred to a ship's cargo as a result of voluntary sacrifice or extraordinary expense incurred in times of danger. Salvage Charges refer to the expenses incurred for the recovery of a ship or cargo from a perilous situation.
- Named Peril Domestic Cargo Insurance Policy: This type of policy only covers specific risks or perils as listed in the policy, including fire, explosion, lightning, collision or overturning of the carrier, and other named perils. This policy is ideal for those who want to insure their goods against specific risks while keeping the premium costs low.
Both types of domestic cargo insurance policies in Thailand provide peace of mind for businesses and individuals involved in domestic transportation of goods. It is important to carefully consider the coverage options and exceptions to ensure that you select the most appropriate policy for your needs.
How much does a Domestic Cargo Insurance policy cost ?
The premium rates for Domestic Cargo Insurance are mainly determined by the following factors.
- Insured amount
- Type of cargo
- Shipping route
- Mode of transportation
- Previous claims history
Interested in purchasing Domestic Cargo Insurance policy ?
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Why do you need to buy Domestic Cargo Insurance via us ?
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