Freight Insurances

Freight Insurance covers the goods against material damages resulting from an accident or incident pursuant to the clauses and terms included in the policy.

With this insurance, three different types of coverage alternatives are provided for the goods subject to insurance;

  • Total Loss Coverage

    Goods are totally damaged in such a way to lose their value together with the vehicle.

  • Narrow-Scope Coverage

    In addition to the risk of total loss and damage to the goods, partial losses in relation to the accident by the vehicle (crashing, collision, turning over, fire) are covered. For this coverage, special terms stated in Institute Cargo Clauses –C apply.

  • Comprehensive Coverage

    In general, it is known as “All Risks”. All risks other than the exceptions stated in Institute Cargo Clauses -A as special terms for this coverage are covered.

You may get detailed information about the product that comprises of other explanations on with the privilege of NEOVA Insurance.