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Types of Cargo Insurance

Cargo insurance policies come in various forms, tailored to meet specific needs. The most common types include:

• Open Cover Policy: A flexible option providing continuous coverage for all shipments within a specified period.
• Specific Voyage Policy: Coverage for a single shipment, ideal for businesses with infrequent shipping needs.
• All-Risk Coverage: Offers comprehensive protection against all types of risks, except those explicitly excluded in the policy.
• Named Perils Coverage: Covers only the risks specifically listed in the policy, such as fire or theft.