Theft During the import of high-end electronics, consignments are transferred from an arrival port to the insured’s warehouse by truck. Whilst unloading the shipment and performing an inventory count, the client notices a discrepancy in paperwork and suspects the truck driver of theft. The goods were proven to be in transit when they were stolen and the client is reimbursed for the value of the stolen items.
Heavy Weather An exporter distributes the majority of their goods throughout Europe. The exporter takes care to ensure their containers are suitably packed for the expected weather conditions for crossing the Channel. Unfortunately, the sea conditions are unusual for that time of year and due to heavy weather the container and its cargo are damaged during the transit. The insurance covers the damage to the owner’s cargo.
Loading / Unloading A manufacturer operates a warehouse where they dispatch goods when ordered. While assembling an order, a forklift driver loses control of his vehicle resulting in sensitive equipment being damaged. As the items are considered to have started their transit within the warehouse, the insurance responds and reimburses the insured for the damages.
General Average A container ship catches fire resulting in extensive damage to the vessel and its cargo. The ship declares “General Average”, and although the insured’s cargo was not damaged by fire, the cargo still contributes a percentage of its value to the General Average claim. Being covered under the insurance policy, the insurer steps in and provides a bond to secure the release of the insured’s cargo. The insurer’s marine claims advisors take on the burden of negotiations around the General Average adjustment, ensuring the release of cargo as quickly as possible, with minimal disruption to the client.
Contaminated cargo Illegal immigrants are discovered "covered in cocoa powder" in the back of a lorry as it arrives at the insured's factory. The cargo is rejected due to contamination and a claim arises for tens of thousands of pounds.
Disclaimer: The above hypothetical examples are illustrative only and should not be relied on to justify insurance coverage. It is necessary to fully review your own policy wording for full terms and conditions.
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