Air Cargo Insurance

Dictionary Says

Definition of 'Air Cargo Insurance'

A type of insurance policy that protects a buyer or seller of goods being transported through the air. Air cargo insurance is designed to protect the insured against items damaged, destroyed or lost. Cargo insurance is offered through insurance companies, some freight forwarders and trade service intermediaries. The amount of coverage and deductible required with this insurance varies, with each insurance provider.
Investopedia Says

Investopedia explains 'Air Cargo Insurance'

A premium for the cargo is often calculated based on the value of the item, whether the item is hazardous, where it is being transported and the route that will be taken to reach its destination. Similar to this type of insurance are marine cargo insurance policies that protect buyers or sellers of goods against loss of these goods transported over water.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Associate In Marine Insurance ...

    An IIA program ...
  2. Maritime Law

    A body of laws, ...
  3. Deductible

    1. The amount ...
  4. Umbrella Insurance Policy

    Extra liability ...
  5. Adequacy Of Coverage

    The adequacy of ...
  6. Insurance

    A contract ...
  7. Travel Insurance

    An insurance ...
  8. National Average Wage Index - NAWI

    An index ...
  9. 403(b) Plan

    A retirement ...
  10. Financial Intermediary

    An entity that ...

Articles Of Interest

  1. 15 Insurance Policies You Don't Need

    Learn how to save money by saying "no" to unnecessary coverage.
  2. How An Insurance Company Determines Your Premiums

    Find out how insurers use credit history to build an insurance score and how it could affect your bottom line.
  3. The History Of Insurance

    The first written policy appeared in Hammurabi's Code. Find out how it evolved from there.
  4. The History Of Insurance In America

    Insurance was a latecomer to the American landscape, largely due to the country's unknown risks.
  5. Understanding Your Insurance Contract

    Learn how to read one of the most important documents you own.
  6. Exploring Advanced Insurance Contract Fundamentals

    Understanding your contract can help you protect our family's financial security.
  7. Market Capitalization Defined

    Find out the differences between mega-, large-, mid- and small-cap stocks and how each suits different investing styles.
  8. In Small Business, Success Is Spelled With 5 "C"s

    Incorporating these steps will help your business thrive in a competitive market.
  9. Retirement Savings Tips For 35- To 44-Year-Olds

    Learn how the "sandwich generation" can save for retirement while taking care of their kids and parents.
  10. Is Loan Protection Insurance Right For You?

    This coverage can keep you from defaulting on your loans when you're in financial trouble.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center