Air Cargo Insurance


Definition of "Air cargo insurance"

Maria  Mercades
  Coldwell Banker Ackley Realty

Coverage for an air carrier's legal liability for damage, destruction, or other loss of a customer's property while being shipped. Coverage is on an all risks basis subject to specific perils excluded in the policy. Air cargo insurance is a form of marine insurance, which at one time only covered goods in transit over waterways. Today, goods in transit can be insured regardless of the means of transportation.



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