Insuring Your Freight Shipment?

Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Freight Shipping and other Shipping topics.

What sort of insurance should I use to cover my shipment?

Insuring Your Freight Shipment?

Licensed freight carriers are required to carry insurance on the goods they ship, but this insurance can be as little as 10 cents a pound. (The exception is some "factory new and factory packed" items, which carriers will insure for up to $25 a pound.)

To protect yourself from losses if your shipment is lost, stolen or damaged in transit, you may wish to consider purchasing extra insurance.

First, however, consult your insurance agent. Your business coverage or homeowner's policy may already cover the sort of shipment you have in mind. In some cases, your credit card company may also insure goods in transit.



Nobody has commented on this tip yet. Be the first.


URL: (optional)


Not finding the advice and tips you need on this Shipping Tip Site? Request a Tip Now!

Guru Spotlight
Patricia Walters-Fischer