Air Cargo Insurance

Air Cargo Insurance

An insurance policy that protects the buyer of a good being transported through the air from the loss of that good. Most of the time, when a good is being shipped by air, either the buyer or the seller is required to purchase air cargo insurance (or at least to assume the risk of transit); their specific agreement determines which one is responsible. See also: Incoterm, Marine Cargo Insurance.
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References in periodicals archive ?
Cargo Transportation Insurance Comprehensive Study by Type (Land Cargo Insurance, Marine Cargo Insurance, Air Cargo Insurance), Application (Marine, Land, Aviation) Players and Region - Global Market Outlook to 2024.
Other coverages with limited but expanding availability online include household comprehensive insurance, individual residence insurance, computer insurance, business property insurance, motor vehicle insurance and air cargo insurance.