Cargo Theft Insurance for Cross Border Shipping
Recently, the largest Mexican cargo theft in history occurred, with thieves stealing over 20 containers of gold and tv sets. However, this isn’t an isolated incident. In fact, according the SSPC, from January to July of 2021, there were over 5,677 cargo thefts alone. While we don’t have the data for 2022, data provided for March showed a more than 18% increase in cargo thefts year over year. Cargo theft prevention and insurance are critical elements for brokers and shippers in today’s shipping environment.
What does this mean for you? If you are shipping across the border, it is a roll of the dice every time you ship uninsured, or self insure at high deductibles.
At Borderless Coverage Powered by Reliance Partners, we understand the speed at which our motor carrier, freight broker, 3PL, and shipper clients are required to move. Our Borderless Coverage cargo insurance program was built specifically for this industry. This program gives our domestic and international clients the flexibility to obtain cargo insurance on a per load, per project, or annual basis.
Examples of the domestic and international cargo theft insurance solutions we provide our clients are:
- High Value
- North American Cross Border
- International multi-mode
- Limits set at $1,000,000 (Ability to obtain coverage for shipments valued up to $10,000,000 with additional underwriting)
- Can be used on All commodities
- Clients can be based anywhere in the world
- Shipments can be multi-modal and transloaded
- Cargo covered from the moment of pickup until final delivery
- Deductibles at $500
- Shipments can be transloaded domestically and at border with different motor carriers
- Rates set at a fraction of the load value
- Claims handled in country of choice
- Multi-language staff
- Automated Rate System
- Automated and Online claims handling
- Average claim is settled within 7-9 days
At Borderless Coverage, we build comprehensive cargo insurance programs for our international clients.
Click here to schedule a call with our team or here to receive an automated annual policy quote. As a Reliance Partners Company, you can rely on our ability to provide you with the best options for your transportation and logistics insurance.