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What is Contingent Cargo Insurance?

What is Contingent Cargo Insurance?

Cargo insurance is underwritten by managed risk clubs, a type of group investment tool. It is available for a variety of cargos and protects against freight loss or damage from external causes during shipping by any means, land, air or sea. Depending on the coverage, however, the club may not pay for instances such as a truck-load coming loose and falling off the road if the driver is thought to be at fault. This is where contingent cargo insurance comes…

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