Hong Kong - Cargo Insurance company recommendation?

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  1. #1

    Join Date
    Jun 2012
    Posts
    35

    Hong Kong - Cargo Insurance company recommendation?

    Hi,

    Would appreciate some recommendations for cargo insurance companies in Hong Kong, that can provide "E-Copies" of the insurance policy and are willing to provide insurance on offshore shipments (i.e. china to rest of the world or India to rest of the world). If they have an easy payment & quotation mechanism that would be a bonus.

    Thanks


  2. #2

    If you are going to be doing regular shipments you might be able to get an annual coverage... That will make getting cover for your individual shipments easy since you just need to send the insurer the details of the shipment each time you send one out and the cover is taken care of..


  3. #3

    Join Date
    Jun 2012
    Posts
    35

    Hi,

    Thanks for that. In that case, does the product need to be same each time? Also, what sort of "number of shipments" per annum are we looking at, for this to be feasible?

    Thanks


  4. #4

    How it normally works is, you buy a cover on the estimated value of the shipment you will make during the year ( you can arrive at this figure based on your shipping history over the previous years as well). So you are agreeing to the conditions of the insurance including the costs and paying at that moment.

    Every time you make a shipment you need to send a document to the insurer ( which is a simple procedure) with the details of the shipment. At the end of the year you can adjust the premiums based on the actual usage.

    That said I am not sure insurers in HK will cover shipments originating overseas.