What does Air Cargo Insurance mean? Read on to discover the definition & meaning of the term Air Cargo Insurance - to help you better understand the language used in insurance policies.
Air Cargo Insurance
Air cargo insurance is a contract whereby the insurer undertakes to pay the buyer of goods transported through air in case of physical loss or damage to said items due to covered perils. Depending on the agreement, the buyer or seller is required to buy air cargo insurance to protect their interest on the cargo.
We hope the you have a better understanding of the meaning of Air Cargo Insurance.