Spot Voyage by Swiss Re Corporate Solutions
What is Swiss Re's Spot Voyage?
- What is Swiss Re's Spot Voyage? What is Spot Voyage? Spot Voyage is an individual shipment cargo insurance policy. The policy has a standard ALL risk cov...
- What is Swiss Re's Spot Voyage? Why purchase Swiss Re brand cargo insurance? Swiss Re is one of the world's leading providers of reinsurance, insurance and other forms of insura...
Spot Voyage by Swiss Re Corporate Solutions
Why do I need cargo insurance?
- Why do I need cargo insurance? Why do I need to secure my own cargo insurance? Cargo transport operations are exposed to various risks which cannot only damage goods but also resu...
- Why do I need cargo insurance? Aren't loss or damage to cargo covered by the carrier? The compensation provided carriers is based on their liability cover which is limited to Standard Dr...
Spot Voyage by Swiss Re Corporate Solutions
What is required to purchase a Spot Voyage policy?
- What is required to purchase a Spot Voyage policy? What documents are required to purchase insurance? The only information required for insurance, in addition to shipment details which are usually provi...
- What is required to purchase a Spot Voyage policy? How much should goods be insured for? In a cargo policy, the sum insured is valued at invoice cost and freight charges plus a buffer for i...
- What is required to purchase a Spot Voyage policy? What happens if the premium is not paid within the agreed Swiss Re payment terms? Policy states that premium must be paid as per agreed payment terms. In the absence of payment, the ...
- What is required to purchase a Spot Voyage policy? How do I pay for the cargo insurance policy? Payment will be taken upfront through Realms platform using the details of the account holder to pur...
Spot Voyage by Swiss Re Corporate Solutions
Policy: What am I getting?
- Policy: What am I getting? Will the insurance protect only during sea voyage? The cargo insurance will protect against risks during transportation and intermediate storage in the...
- Policy: What am I getting? What is the governing law and jurisdiction that governs this policy? The terms and conditions of the Policy shall be governed by the English law Any related dispute shal...
- Policy: What am I getting? Does the insurance cover warehouse to warehouse? Yes, this cover is warehouse to warehouse, which means: "from the moment it leaves the origin wareho...
- Policy: What am I getting? Can the marine cargo insurance cover for all types of goods? We only cover containerized shipments. Furthermore, the following cargo is excluded: Specie (jewels,...
Spot Voyage by Swiss Re Corporate Solutions
Coverage: What am I getting?
- Coverage: What am I getting? What is the coverage under marine cargo insurance? The main coverage is based on standard international wording, Institute Cargo Clause (A), which is a...
- Coverage: What am I getting? What is the maximum value of cargo that the customer can insure via this platform? The maximum coverage per shipment varies depending on the type of goods. Limit can be up to the equi...
- Coverage: What am I getting? Does the cargo insurance cover provide coverage in all locations? The cargo insurance provides worldwide cover with a few exceptions relating to sanctioned countries ...
- Coverage: What am I getting? Do I get a documentary proof of the coverage and its details? An insurance certificate for the shipment will be generated and sent to your email once you confirm ...
Spot Voyage by Swiss Re Corporate Solutions
What happens if I need to cancel or amend my coverage?
- What happens if I need to cancel or amend my coverage? What if I need to make amendments to my shipment? The insurance cover is automatically confirmed or bound 3 days before shipment departure. Before thi...
- What happens if I need to cancel or amend my coverage? Am I able to cancel the insurance cover? A confirmed purchase of cargo insurance cover generally cannot be cancelled on or after the declared...
Spot Voyage by Swiss Re Corporate Solutions
What happens if I need to report a loss?
- What happens if I need to report a loss? What do I do in case of a claim? It is recommended that you use the First Notification of Loss ("FNOL") link or QR code found in your...
- What happens if I need to report a loss? In case of a claim, will Swiss Re have a specialist on site to investigate? Upon submission of the completed online First Notification of Loss ("FNOL"), you will receive an ack...
- What happens if I need to report a loss? How long is the claim processing time? This will vary depending on the complexity of the case. For simple and straightforward claims, we en...