Quick Guide on Cargo Plus – Chubb in Hong Kong

Quick Guide on Cargo Plus

Quick Guide on Cargo Plus

Through Cargo PlusSM, customers will enjoy additional benefits for local cargo transportation and wider cover for international cargo movements compared with a conventional cargo insurance policy.

Our Cargo Plus policy includes two sections of coverage:

  • Inland Transit Cover – An enhanced version of Annual Inland Transit Policy with over 15 additional benefits for local cargo inland transportation.
  • Imports and Exports Cover – An enhanced version of conventional Marine Cargo Policy with over 30 additional benefits for international and domestic cargo movements.

What Are the Differences Compared to Conventional Cargo Insurance?

Through Cargo PlusSM, customers will enjoy additional benefits for local cargo transportation and wider cover for international cargo movements compared with a conventional cargo insurance policy.

Our Cargo Plus policy includes two sections of coverage:

  • Inland Transit Cover – An enhanced version of Annual Inland Transit Policy with over 15 additional benefits for local cargo inland transportation.
  • Imports and Exports Cover – An enhanced version of conventional Marine Cargo Policy with over 30 additional benefits for international and domestic cargo movements.

What Are the Differences Compared to Conventional Cargo Insurance?

Conventional Marine Open Cover & Goods In Transit Cargo Plus
Inland Transit Cover Imports and Exports Cover
  • Standard institute cargo clause
  • Additional benefits subject to underwriter’s approval
  • Additional premium applicable for extension(s)
  • Covers accidental loss of or damage to cargo whilst in transit
  • Over 15 additional benefits
  • Automatic extensions at no additional premium
  • Latest version of Institute Cargo Clause (01/01/2009)
  • Over 30 additional benefits
  • Automatic extensions at no additional premium

Coverage Highlights

  • Debris removal options up to 10% of the insured value
  • Exhibition and display cover of up to USD250,000
  • Wider covers in addition to policy limit for accumulation of cargo, packaging costs, cost of resecuring, tools of trade and travellers samples

We are able to provide high limit protection of up to USD25 million for any one conveyance, with additional capacity made available through other members of Chubb.

Who We Insure

SMEs who cover goods and merchandise related to their own trade and business:

  • Retail/trading companies
  • Manufacturing companies
  • Construction companies

Coverage Highlights

  • Debris removal options up to 10% of the insured value
  • Exhibition and display cover of up to USD250,000
  • Wider covers in addition to policy limit for accumulation of cargo, packaging costs, cost of resecuring, tools of trade and travellers samples

We are able to provide high limit protection of up to USD25 million for any one conveyance, with additional capacity made available through other members of Chubb.

Who We Insure

SMEs who cover goods and merchandise related to their own trade and business:

  • Retail/trading companies
  • Manufacturing companies
  • Construction companies

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