Determine the insurance amount of domestic waterway and land cargo transportation insurance

The insured amount of an international marine insurance policy is generally 10% based on the value of the goods, that is, * 1 10% of the value of the goods. Single insurance amount = value *( 1+ 10%).

Generally, the insurance amount of domestic cargo transportation insurance is determined by the method of fixed value insurance, and the insurance amount can be determined by the insured and the insurer through specific negotiation. Generally, the insurance amount can be determined according to FOB, CIF and destination market price. The insurance amount of domestic waterway and land cargo transportation insurance of most property insurance companies is determined according to CIF. CIF refers to the sales price of goods at the place of departure plus various transportation and miscellaneous fees at the destination; The destination market price is the selling price of the insured goods at the destination.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.