What are the characteristics of cargo transportation insurance?

1. The transport goods insured by the insured's variability may be resold many times during the period of transportation insurance, so the ultimate beneficiary of the insurance contract is not the insured specified in the insurance policy, but the policyholder. 2. Transfer of insurance interestsWhen the subject matter of insurance is transferred, the insurance interests are also transferred. 3. The subject matter of the insurance is usually movable property of a commodity nature.

4. Risks covered by a wide range of risks covered by cargo transportation insurance, including marine, land and air risks, natural disasters and accident risks, dynamic and static risks, etc. 5. The fixed value of the insured value of the insured goods may be different in different locations, so the insured amount of the goods can be determined by the insurance parties according to the agreed insurance value. VI. Transferability of Insurance Contracts The insurance contracts of cargo transportation insurance are usually transferred with the transfer of the subject matter of insurance and the transfer of insurance interests, without notifying the insurer or obtaining the consent of the insurer.

All kinds of transportation insurance business have their own characteristics, but as the same type of business, they have the following general characteristics:

1. The variability of the insured.

Insured shipments may be resold several times during the term of the delivery insurance, so the ultimate beneficiary of the insurance contract is not the insured named in the insurance policy, but the policyholder.

2. The transferability of insurance benefits.

When the subject matter of insurance is transferred, the insurance interest is also transferred.

3. The subject matter of insurance is liquid.

The subject matter covered by cargo transportation insurance is usually movable property of a commodity nature.

4. Extensiveness of underwriting risks.

Risks covered by cargo transportation insurance include marine, land and air risks, natural disasters and accident risks, dynamic and static risks, etc.

5. The certainty of the underwriting value.

There may be differences in the insured goods in different locations, so the insured amount of the goods can be determined by the insurers according to the agreed insurance value.

6. Transferability of insurance contracts.

The insurance contract of cargo transportation insurance is usually transferred with the transfer of the subject matter of insurance and the insurance interest, without notifying the insurer or obtaining the consent of the insurer. An insurance policy can be assigned by endorsement or other customary means.

7. The particularity of insurance interests.

Due to the particularity of cargo transportation, it is decided that the "regardless of loss clause" is usually adopted in freight insurance, that is, the policyholder does not know in advance and does not conceal anything, even if the insured object has been lost before or at the time of the conclusion of the insurance contract, and the insurer will also compensate for the loss of the insured object caused by the insured risk after the fact.

8. Strictness of contract termination.

The Insurance Law and the Maritime Law stipulate that the parties to the contract shall not terminate the contract after the insurance liability of cargo transportation insurance begins.

Insurance is good, as long as you buy the right insurance for yourself is the best protection.

Cargo transportation insurance covers the goods in transit due to natural disasters.

and a type of property insurance for losses caused by accidents. Common types of cargo transportation insurance include domestic waterway and land cargo transportation insurance, domestic air transportation cargo insurance and import and export cargo transportation insurance. According to different standards, cargo transportation insurance can be divided into different types.

According to the different means of transport and mode of transport, it can be divided into water transport insurance, land cargo insurance, air transport insurance, parcel insurance, and intermodal transport insurance; According to the practical scope, it can be divided into domestic cargo transportation insurance and marine cargo transportation insurance; According to the responsibilities assumed by the insurer, the transportation of marine goods can be divided into safety insurance, water damage insurance and all risks. Worldwide, cargo transportation insurance originated from marine insurance, is one of the oldest types of insurance, cargo transportation insurance refers to the acquisition of various means of transport during the transportation process as the subject of insurance, the insurer underwrites the loss of goods in the process of transportation due to natural disasters or accidents. Whether it is foreign or domestic, goods must go through the corresponding transportation process from the producer to the consumer.

Obtaining transport insurance has become an important part of the world, especially internationally. Providing insurance for the losses caused by various natural disasters and accidents that the goods may suffer during transportation can not only protect the economic interests of the cargo owners, but also be conducive to the normal development of commodity trading and transportation industry.

Extended reading: [Insurance] How to buy, which one is better, teach you to avoid these insurance"pits"

Transportation insurance is based on the property in a state of flux as the subject of insurance (the subject of insurance is also known as "insurance object", "insurance item", "object of insurance protection", which is determined according to the requirements of both parties to the insurance contract). ), including insurance for transported goods and insurance for means of transport. The common feature of this type of insurance is that the subject matter of fire insurance is in a state of transportation or often in a state of operation, which is different from the requirement that the subject matter of fire insurance is stored in a fixed place and in a relatively static state, and therefore cannot be covered by fire insurance.

The content of transportation insurance business, including transportation cargo insurance, motor vehicle insurance, ship insurance, aviation insurance, motorcycle insurance, etc., plays a very important role in the entire property insurance industry.

Classification of transport insurance.

1. Cargo insurance is divided into various modes such as sea, inland waterway, aviation, land and multimodal transport. Accordingly, transport cargo insurance can also be divided into water transport cargo insurance, land transport cargo insurance, air transport cargo insurance and intermodal transport insurance. In this context, intermodal insurance refers to the insurance that transports goods through a combination of two or more major means of transport before they can be transported from the place of origin to the destination.

According to the coverage of transport cargo insurance, it can only be divided into domestic transport cargo insurance and foreign-related transport cargo insurance. The former is the transportation of goods within the country, while the latter is the transportation of goods beyond the borders of a country.

Means of transport insurance is insurance for all kinds of means of transport, such as automobiles, airplanes, ships, fire, etc. Therefore, the scope of application of transportation insurance is also quite wide, including passenger transport companies, freight companies, airlines, shipping companies, as well as families or individuals who own the above-mentioned means of transport and motorcycles, tractors and other motor means of transport, can purchase different types of transport insurance, and obtain risk protection through the corresponding insurance.

Dear Hello, I am glad to answer for you, the meaning and characteristics of cargo transportation insurance is the variability of the insured, the insured transport goods, during the period of transportation insurance may be resold many times, therefore, the final insurance contract protects the beneficiary, not the insured indicated in the insurance policy, but the policy holder. The mobility of the subject matter of insurance, the subject matter covered by cargo transportation insurance, is usually movable property with a commodity nature. The breadth of the risks covered by cargo transportation insurance includes marine, land and air risks, natural disasters and accidents, dynamic and static risks, etc.

Property insurance is a type of insurance that provides protection for enterprises and institutions. Any property owned by the insured or jointly owned by others and for which the insured is responsible, property managed by the insured or kept for others, and other property that has an economic interest in the insured recognized by law are within the scope of the subject matter of insurance. Precious items such as gold, silver, jewelry, etc., must be specially agreed with the property insurance company in advance, but valuable** is not covered by this insurance.

Under this insurance, property insurance shall be liable for the loss of insured property caused by fire, **, lightning strike, etc., but shall not be liable for the loss of insured property caused by heavy rain, flood, typhoon, storm, tornado, snow disaster, hail disaster, ice cube, mudslide, cliff avalanche, landslide, plumbing pipe burst, robbery, theft, intentional behavior of the insured, etc. The insured needs to fulfill certain obligations, which is a prerequisite for property insurance to bear the liability for compensation.

Cargo transportation insurance (referred to as freight insurance) is a kind of cargo insurance protection provided for commodities in circulation. The purpose of this kind of freight insurance is to enable the goods in transit to be economically compensated for the losses caused by natural disasters or accidents within the scope of insurance liability in the process of waterway, railway, highway and combined transportation, and to strengthen the safety and loss prevention of cargo transportation, so as to facilitate the production of commodities and the circulation of commodities.

First of all, the definition, the risks underwritten, the subject matter of insurance, and the exclusions are all different.

There is also an important difference between the two, property insurance generally stipulates the insurance address, while freight insurance generally does not stipulate the insurance address.

However, there is also an intersection between the two, with property insurance having an extended inland transportation clause and freight insurance having a warehousing clause.

Extended reading: [Insurance] How to buy, which one is better, teach you to avoid these insurance"pits"

Summary. Hello dear, happy to answer your <>

Cargo transportation insurance is an insurance in which the goods in transit are the subject of insurance, and the insurer is responsible for the liability for the loss of goods caused by natural disasters and accidents. In China, the most commonly used insurance clause for the transportation of import and export goods is the China Insurance Clause, which is formulated by China's ** insurance company and approved and promulgated by the People's Bank of China and the China Insurance Regulatory Commission. The insurance clauses are divided according to the mode of transportation, and there are four categories: marine, land, air and parcel transportation insurance clauses; For some special commodities, it is also equipped with seaborne refrigerated goods, land refrigerated goods, seaborne bulk tung oil and live livestock, poultry sea, land and air transportation insurance clauses, the above eight terms, the policyholder can choose to insure.

What is cargo transportation insurance?

Hello dear, happy to answer your <>

Cargo transportation insurance is an insurance in which the goods in transit are the subject of insurance, and the insurer is responsible for the liability for the loss of goods caused by natural disasters and accidents. In China, the most commonly used insurance clause for import and export cargo transportation is the Bright Orange China Insurance Clause, which is formulated by China's ** insurance company and approved and promulgated by the People's Bank of China and the China Insurance Regulatory Commission. The insurance clauses are divided according to the mode of transportation, and there are four categories: marine, land, air and parcel transportation insurance clauses; For some special commodities, it is also equipped with seaborne refrigerated cargo, refrigerated cargo transported by hail, seaborne tung oil and live livestock, poultry by sea, land and air transportation insurance clauses, the above eight terms, the policyholder can choose to insure according to needs.

Scope of Compensation for Cargo Transportation Insurance (1) The insurer of Ping An Insurance is mainly responsible for the loss, liability and expenses of the insured goods caused by the following insured accidents: 1. All losses of the entire batch of goods caused by natural disasters such as bad weather, lightning, tsunamis, continental earthquakes and floods; 2. Loss of goods caused by stranding, abandonment, sinking, collision, collision with drift ice or other objects, fire, and accident caused by the means of transport; 3. In the case of an accident on the means of transport, the goods suffer losses caused by natural disasters at sea before and after that; 4. Losses caused by one or more pieces of goods falling into the sea during loading, unloading and transshipment; 5. Reasonable expenses paid by the insured for taking measures to rescue, prevent or reduce the damage to the goods that are subject to the danger within the scope of the insurance liability;