Retail Value Cargo Insurance
While more expensive, retail value cargo insurance covers the declared retail value of the cargo, not just the commercial invoice value (i.e., what you paid the manufacturer). Retail value coverage pays what the cargo would have been sold for to your end consumers.
- Full retail value insured
- Full-year coverage
Who Needs It?
Anyone selling high value or high margin goods who wants to protect their expected sales revenue if the goods are lost or damaged.
You can’t risk losing the precious revenue you would have realized from the retail sale of your goods. Without retail coverage, you’ll only get reimbursed for the commercial invoice value of the lost or damaged goods, which could leave your business in a cash crunch.