{"@context":"https://schema.org","@type":"DefinedTerm","name":"Owner’s Risk Cargo Insurance Coverage","description":"Owner's risk cargo insurance gives shippers and consignees coverage for loss or damage to their goods during transit, independent of whatever liability the carrier may bear. Standard carrier liability regimes — CMR for road transport, the Hague-Visby Rules for sea freight, IATA limits for air — cap compensation at fixed amounts per kilogram, which rarely reflects actual commercial value. By taking out their own policy, cargo owners secure full replacement value and avoid protracted disputes over","inDefinedTermSet":{"@type":"DefinedTermSet","name":"Frachtportal Logistics Glossary","url":"https://www.freight-academy.com/en/glossary"},"url":"https://www.freight-academy.com/en/glossary/owners-risk-cargo-insurance-coverage","inLanguage":"en","dateModified":"2026-06-26T11:33:09.986047","citation":"https://www.irmi.com/term/insurance-definitions/owners-risk-insurance","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/owners-risk-cargo-insurance-coverage","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"Owner’s Risk Cargo Insurance Coverage · Owner's risk cargo insurance gives shippers and consignees coverage for loss or damage to their goods during transit, independent of whatever liability the carrier may bear. · Quelle: https://www.irmi.com/term/insurance-definitions/owners-risk-insurance"}