Total Loss Only (TLO) insurance is designed to protect your goods against a catastrophic event that may result in total damage or loss of the shipment. This insurance type does not compensate for any individual items damaged or lost.

Total Loss Only insurance is provided as a low cost alternative to All Risk  insurance and can be purchased any time before goods are packed. Total Loss Insurance is also a good alternative when you are loading or unloading the shipment yourself, or are not using a full-service shipping company. Insurances coverage is subject to a $500 deductable and a timely submission of proper documentation.

Coverage includes damage to the entire cargo caused by
  • Derailment
  • Collision
  • Fire
  • Lightning
  • Cyclones
  • Sprinkler Leakage
  • Hurricanes
  • Floods
  • Earthquakes
  • Jettison
  • Collapse of Dock
  • Stranding
  • Sinking

For proper coverage, you must list and declare a replacement value on all of the items that you wish to insure. Items may be categorized as a group, but please remember that if a claim is filed for any of the items in that category, the settlement amount may reflect the average value of the declared grouped items in that category.

 Explore More Insurance Options