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Transport insurance

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The financial losses hazard exists during any transportation regardless of the terms of the agreement concluded with the carrier. “Ingosstrakh” has been providing cargo insurance for over fifty years Today the company offers a reliable insurance protection of property interests of cargo owners related to the transportation and storage of cargoes.

Our policy guarantees you the compensation of losses incurred when transporting cargoes by any type of vehicle in the territory of CIS and other countries.

Insured objects:

• Any types of goods and products transported by all types of vehicles throughout the world;
• Transport and overhead costs associated with the transportation;
• Expected profit from product realization at the place of destination.

Insurance protection:

1. With liability for all the risks. Insurance events include: damage, complete destruction or loss of the whole or part of the cargo, accident caused by any reason, and:
1. expenses and charges associated with the overall accident;
2. all the necessary and reasonably incurred costs associated with cargo rescue, оr reducing and establishing the extent of losses, if the damage is compensated on insurance terms.
2. With liability for private accidents. Insurance events include:
1. damage, complete destruction or loss of the whole or part of the cargo as a result of fire, lightning, storm, tornado and other natural disasters, wreck or collision of vessels, planes or other carriers with each other or immobile or floating objects, vessel stranding, bridge collapse, explosion, vessel damage caused by ice, wetting by overboard water as well as measures taken for the rescue of the cargo or extinguishing of the fire;
2. cargo loss as a result of transportation vehicle loss;
3. damage, complete destruction or loss of the whole or part of the cargo as a result of an accident during the loading, packing or unloading of cargoes and fueling;
4. expenses and charges associated with the overall accident;
5. all the necessary and reasonably incurred costs associated with cargo rescue, оr reducing and establishing the extent of losses, if the damage is compensated on insurance terms.
3. Without liability for damage excluding the event of wreck. Insurance events include:
1. damage, complete destruction or loss of the whole or part of the cargo as a result of fire, lightning, storm, tornado and other natural disasters, wreck or collision of vessels, planes or other carriers with each other or immobile or floating objects, vessel stranding, bridge collapse, explosion, vessel damage caused by ice, wetting by overboard water as well as measures taken for the rescue of the cargo or extinguishing of the fire;
2. cargo loss as a result of transportation vehicle loss;
3. complete destruction or loss of the whole or part of the cargo as a result of an accident during the loading, packing or unloading of cargoes and fueling;
4. Damage to cargo caused by the wreck or collision of vessels, planes or other carriers with each other or immobile or floating objects (including ice), vessel stranding, fire or explosion on the vessel, plane or any other transportation vehicle;
5. expenses and charges associated with the overall accident;
6. all the necessary and reasonably incurred costs associated with cargo rescue, оr reducing and establishing the extent of losses, if the damage is compensated on insurance terms.

The insurance period includes the complete period of transportation from one warehouse to the other:

• starts from the moment of cargo acceptance from the warehouse at the starting point, continues during the whole transportation (including transshipment, shiftment and intermediate warehousing at transshipment and shiftment areas) and ends at the moment of cargo delivery to the recipient’s warehouse or any other final landing indicated in the insurance policy.
• The policy is valid at the moment of cargo presence at exhibitions and auctions.

Factors affecting the insurance premium rate:

• Insurance terms;
• Cargo classification;
• Cargo packing;
• Transportation routes;
• Transportation methods;
• Transportation load;
• Availability of cargo security guards.

Insurance terms:

• The agreement can be concluded for a single transportation or long-term transportation insurance.
• Insurance agreement amounts are indicated in rubles or foreign currency. Insurance compensation for damaged, lost or destroyed cargo is paid in the currency of the insurance premium.
• The period of consideration and compensation for the claims does not exceed 30 days as of the receipt of all the necessary documents.