Our insurance covers 110% of your shipment including: the value of your shipment, freight charges, duties. The 10% covers any unforeseen charges (i.e. carton damage or debris removal fees).
Insured value = 110% of (total invoice value + total freight value + customs duties)
How much will Flexport insurance cost?
The cost is calculated based on a percentage of the insured value (as explained above). The percentage will be listed in the quote, as a line item under Additional Charges.
The total cost of Flexport insurance will not be included in the quote, because the total value of the shipment, freight charges, and duties is unknown at the time of quoting.
The minimum cost of insurance is $45.
The actual insurance cost will appear on your Flexport invoice as Freight Insurance.