Thursday, February 13, 2020

Cargo insurance exclusions in the United States of America

Cargo insurance exclusions. Policies don’t include all types of cargo and could exclude art, pharmaceuticals, live animals and explosives.

Wear and tear, deterioration or maintenance failure. You won’t find coverage for damage resulting from wear and tear or deterioration, such as rust or a problem routine maintenance would’ve prevented.

DUIs or DWIs. Your insurer will likely deny coverage for any operator found driving under the influence of drugs or alcohol — or even who refuses to take a drug or alcohol test following an incident.

Unsecured property or precaution failure. To avoid a denial on your claim, you might need to prove that you secured your property and took sensible precautions against loss or damage.

Finder insurance