Transportation – Cargo
Transportation covers insured’s property in transit.
Features:
- Covers property shipped by common or contract carriers or on owned vehicles
- Covers incoming and outgoing shipments
- Allows released bills of lading
- Valuation is invoice plus accrued costs and charges
- Covers rejected shipments
- Can provide terminal coverage option
Desirable Risks:
- Average commodities such as paper products, building materials, machine parts, dry goods
- Risk uses proper packing procedures and clearly defined shipping terms
- Shorter radius is most desirable
Low Desirability:
- Commodities including: jewelry, furs, computer components, stereo/video/camera equipment, leather goods, tobacco, electronics
- Perishable or damageable commodities such as seafood, meats, art, pharmaceuticals
- Longer hauls
Minimum Required Information:
- Description of property shipped
- Values shipped and limits required
- Mode of transportation (such as common carrier, owned vehicles, air, etc.)
- Origin/destination
- Three years loss history
Contact us at:
Indiana Insurance member underwriting companies: (Not all companies may be licensed in all states.) American Economy Insurance Company, American States Insurance Company, American Fire and Casualty Company, American States Preferred Insurance Company, Consolidated Insurance Company, First National Insurance Company of America, General Insurance Company of America, Hawkeye-Security Insurance Company, Indiana Insurance Company, The Midwestern Indemnity Company, The Netherlands Insurance Company, The Ohio Casualty Insurance Company, Ohio Security Insurance Company, Peerless Indemnity Insurance Company, Peerless Insurance Company, Safeco Insurance Company of America, Safeco Insurance Company of Illinois, Safeco Insurance Company of Indiana, Safeco National Insurance Company, and West American Insurance Company.