Why Buy Cargo Insurance from Shipping Intl, Inc., .?
Many importers purchase their goods on a C.I.F. (Cost, Insurance and Freight) basis because they find it convenient. Unfortunately, they are not evaluating the price they pay for this convenience. Frequently, the insurance is no bargain and in many cases it is worthless. And, compared to our policy, the claims procedure can be very inconvenient. Filing Claims When you buy C.I.F. and you have damage, you must file and try to settle claims under the terms of the foreign insurer. First and foremost, this means that your claim must be settled under foreign law and under foreign insurance terms and conditions. They are different from those with which you are familiar in the United States. The claims procedure itself is daunting. Normally, you must contact the claims adjuster listed on the reverse of your policy. The adjuster will survey your goods and write up an estimate. You will have to pay the adjuster for the servicesat least several hundred dollarsand add this to the amount of your cl
