GlossaryEN1 min readUpdated: Jun 9, 2026

Cargo Insurance Policy

A Cargo Insurance Policy is an insurance contract between an insurer and a shipper or cargo owner that protects against loss, damage, or theft of goods during transit.

Last updated: 9 June 2026Published: 19 June 2025

Source: https://www.investopedia.com/terms/c/cargo-insurance.asp

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A Cargo Insurance Policy is an insurance contract between an insurer and a shipper or cargo owner that protects against loss, damage, or theft of goods during transit. It specifies which perils are covered (damage, loss, theft, total loss, pilferage), sets the coverage limit, deductible, and term, and defines exclusions and conditions. Unlike the Cargo Insurance Certificate (which evidences coverage for individual shipments), the policy is the underlying master agreement from which multiple certificates may be issued.

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Cargo Insurance Policy

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