Cargo Insurance Can Lower Your Property Insurance Costs

Coverage: Property insurance often does not cover damages or losses to goods during transportation. Cargo insurance specifically covers damages or losses to goods while in transit, meaning that a company can rely on cargo insurance to protect their goods instead of relying on property insurance.

Deductibles: Property insurance often has high deductibles, meaning that a company would have to pay a significant amount out-of-pocket before the insurance would cover any damages or losses. Cargo insurance typically has lower deductibles, so a company may save money on out-of-pocket costs.

Premiums: Property insurance premiums may be higher than cargo insurance premiums, especially if the company has a high risk of damages or losses to their goods during transportation. By choosing cargo insurance, a company may be able to lower its overall insurance costs.

USI's Cargo Safe Custom Coverage: USI's Cargo Safe Insurance program allows a company to customize their coverage to fit their specific needs and risks, which may not be possible with property insurance. By choosing a USI Cargo Safe insurance policy, a company can transfer inventory off their property insurance policy onto USI's Program at a lower premium rate, with higher coverage limits, more risks covered, and reimbursement for losses at invoice value.

Feel free to reach out directly to me at 516-534-3554 or email: [email protected] to discuss how USI's Cargo Safe Program can save you from 10% - 30% in insurance costs.