The transport insurance provides you with the maximum for your merchandise during its transfer. At Canarisk, we advise you on the transport insurance you need according to the type of merchandise, the means of transport and the geographical area where you carry out the transport.
Why is it important to insure the merchandise?
Goods are exposed to numerous risks during transport: transport accidents, theft, improper cargo handling, etc. If you are a logistics operator or freight transport company, insuring cargo damage is essential to reduce these risks and avoid losses.
Is it possible to take out transport insurance for any type of merchandise in the Canary Islands?
It is possible that insurers exclude the insurance of certain merchandise. In general, the common exclusions are objects of special value, money, explosives... Our insurance brokers in the Canary Islands will advise you on the type of insurance you need, depending on the merchandise you are transporting.
What are the main coverages of Transport insurance in the Canary Islands?
Transport Insurance is characterized by generally offering the following coverage:
- Fire or explosion damage.
- Damages as a result of an accident involving the means of transport.
- Damage due to atmospheric phenomena.
- Merchandise theft.
What is transport insurance with English clauses?
When contracting transport insurance you can opt for the Institute Cargo Clause (A) coverage. It is an optional coverage that guarantees your merchandise in case of wetting, spills, breakage, loss, theft, damage during loading and unloading, among other assumptions. Our Insurance Brokerage in the Canary Islands will advise you on the best Transport insurance adapted to your needs.
Can the transport of refrigerated or frozen merchandise be insured in the Canary Islands?
In the Canary Islands, transport insurance for refrigerated and/or frozen goods is common and necessary. For this type of merchandise, the coverage for damage to the merchandise due to breakdown of the refrigeration equipment, or the English clauses “Institute Frozen Food” and “Institute Frozen Meat” is included in the policy.
How much does freight insurance cost in the Canary Islands?
The transport insurance premium in the Canary Islands depends on several factors. Our Transport insurance advisors in Tenerife and Las Palmas de Gran Canaria will ask you for information such as the type of merchandise being transported, volume of merchandise per transport and annual or estimated billing. With this information, Canarisk will be able to draw up the best Transport policies in the Canary Islands.
Can I take out transport insurance for merchandise I have bought?
It is common in the Canary Islands to buy merchandise abroad and for the selling company to take care of the shipment to the Canary Islands. In these cases, we run the risk that the merchandise suffers damage during transport and therefore, assume an economic loss for a time for merchandise that you have bought and received damaged. To avoid this you can take out Transport insurance for cargo shippers in the Canary Islands. With this policy you will immediately collect the amount of the damaged merchandise, and then the insurer will take care of claiming the transport company.
