Cargo Insurance
/ˈkɑːrɡoʊ ɪnˈʃʊərəns/
Definitions
- (n.) Insurance coverage protecting the owner of goods against loss or damage during transportation by land, sea, or air.
The company purchased cargo insurance to safeguard their shipment against potential damage.
Forms
- cargo insurance
Related terms
See also
Commentary
Cargo insurance is a specialized subset of marine insurance focused on the protection of goods in transit; when drafting, clarify transportation mode and coverage scope.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.