GlossaryEN1 min readUpdated: Jun 24, 2026
Extended Shipment Insurance Services
Freight forwarders and specialist underwriters offer extended shipment insurance to close the coverage gap left by carriers' standard or contractually capped liability.
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Source: https://www.ups.com/us/en/services/shipping/shipping-insurance.page
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Freight forwarders and specialist underwriters offer extended shipment insurance to close the coverage gap left by carriers' standard or contractually capped liability. Relying solely on carrier liability – whether weight-based limits under the CMR Convention, the Warsaw Convention, or the Hague-Visby Rules – often leaves shippers significantly undercompensated when loss or damage occurs. Declaring the actual cargo value and taking out an all-risk or named-perils policy secures indemnification up to that declared amount. The need is greatest for high-value goods such as electronics, pharmaceuticals, fine art, or critical raw materials. Cover is frequently arranged through the freight forwarder acting as an insurance intermediary, with premiums reflecting cargo value, routing, and risk classification.
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Verified forwarders, ranked by coverage and profile — premium capped at 10%.
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