What if the products I manufacture are damaged in shipping? Does the shipping company reimburse me or do I put in a claim to my insurance company?
Shipping companies often carry insurance to cover their losses. However, the shipping companys insurance may be too low or you may have difficulty collecting on a claim after signing for the shipment.
Therefore, Property in Transit insurance is available to cover your property being transported by truck, rail, ship or other means of shipment. Also, the firm you hire to transport goods and the contract you sign with them may affect your need for coverage.
NOTE: The answers to coverage questions are primarily based on ISO forms generally used in Florida by most companies. However, please keep in mind that all companies forms are NOT necessarily the same. Some companies may provide broader coverage and some may be more restrictive. IN ALL CASES, THE CONSUMER MUST REFER TO HIS OR HER OWN POLICY FOR SPECIFIC COVERAGE INFORMATION.