The new @vantage for cargo insurance policy is designed to meet the cargo exposure needs of the import/export business community
The new @vantage for cargo insurance policy is designed to meet the cargo exposure needs of the import/export business community.
The insurer states that the package combines a core policy with broad automatic features tailored to the import and export industry. The insurer also states that they have taken steps to both streamline and simplify policy terminology and to eliminate the time consuming reporting of shipments. The policy requires one year-end values report based on deposit and adjustment transactions.
The policy offers 26 coverages that include:
- Samples coverage: extends coverage to promotional material that is not intended for sale and does not appear on the shipment invoice.
- Consequential Reduction in Value: addresses the reduction in value of a shipment due to the loss of an original manufacturer's warranty.
- Ex-Dock: extends coverage for goods/merchandise of the insured for overland transportation beyond what is insured under the policy for an overseas voyage.
Atlantic Mutual, 195 Broadway, New York, NY 10007. Tel: 212-618-6892. Fax: 212-618-6892.