{"@context":"https://schema.org","@type":"DefinedTerm","name":"Insured value","description":"The insured value is the declared monetary worth of the cargo at the time a transport insurance policy is taken out; it determines the premium and sets the ceiling on any compensation payable in the event of loss or damage. In practice, it is typically based on the commercial invoice value at the place of shipment, plus freight and ancillary costs. Underinsurance – declaring too low a figure – results in proportionally reduced claim settlements, while deliberate overvaluation may be contested by","inDefinedTermSet":{"@type":"DefinedTermSet","name":"Frachtportal Logistics Glossary","url":"https://www.freight-academy.com/en/glossary"},"url":"https://www.freight-academy.com/en/glossary/insured-value","inLanguage":"en","dateModified":"2026-06-26T17:44:05.139044","citation":"https://iccwbo.org/resources-for-business/glossary/","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/insured-value","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"Insured value · The insured value is the declared monetary worth of the cargo at the time a transport insurance policy is taken out; it determines the premium and sets the ceiling on any compensation payable in the event of loss or damage. · Quelle: https://iccwbo.org/resources-for-business/glossary/"}